IDEAS home Printed from https://ideas.repec.org/p/ilo/ilowps/995169793502676.html
   My bibliography  Save this paper

Costs and benefits of investing in transformative care policy packages a macrosimulation study in 82 countries

Author

Listed:
  • Henau, Jerome de.

Abstract

This study examines the annual investment required for universal, collectively funded childcare and longterm care services, as well as adequate paid care leave and breastfeeding breaks to parents in 82 countries. Simulations of policy reforms show that extending paid leave and breastfeeding breaks to all employed parents (including those in informal employment) at an adequate level of pay would require about 0.3 per cent of GDP of annual investment by 2035. Extending universal childcare would require additional annual investment of 1.5 per cent of GDP by 2035 over and above current public spending of 0.3 per cent. For long-term care, the annual additional investment by 2035 would be 2.5 per cent of GDP, over and above current public spending of 0.6 per cent. Such care investments could also provide powerful economic stimulus, creating up to nearly 300 million jobs by 2035, and recouping some of the investment through increased tax revenue.

Suggested Citation

  • Henau, Jerome de., 2022. "Costs and benefits of investing in transformative care policy packages a macrosimulation study in 82 countries," ILO Working Papers 995169793502676, International Labour Organization.
  • Handle: RePEc:ilo:ilowps:995169793502676
    DOI: 10.54394/AKYJ8893
    as

    Download full text from publisher

    File URL: https://doi.org/10.54394/AKYJ8893
    Download Restriction: no

    File URL: https://libkey.io/10.54394/AKYJ8893?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. -, 2023. "Investment and cooperation opportunities for Latin America and the Caribbean and the European Union," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 48992 edited by Eclac.
    2. -, 2022. "Financing care systems and policies in Latin America and the Caribbean: Contributions for a sustainable recovery with gender equality," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 48382 edited by Eclac.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ilo:ilowps:995169793502676. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vesa Sivunen (email available below). General contact details of provider: https://edirc.repec.org/data/ilounch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.