Does universal long-term care insurance boost female labor force participation? Macro-level evidence

Although a public long-term care (LTC) program is a potentially important factor for the labor supply of female informal caregivers, there are only a handful of individual-level studies on this topic and the macro-level impacts of LTC programs are still largely unknown. Exploiting the introduction o...

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Autores principales:	Ando Michihito, Furuichi Masato, Kaneko Yoshihiro
Formato:	article
Lenguaje:	EN
Publicado:	Sciendo 2021
Materias:	long-term care insurance synthetic control method aggregate effect female labor force participation h42 h53 h61 i13 j21 j22 Labor policy. Labor and the state HD7795-8027
Acceso en línea:	https://doaj.org/article/6aa4e008b90945ff81b3c1b7f4ce1918
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spelling	oai:doaj.org-article:6aa4e008b90945ff81b3c1b7f4ce19182021-12-05T14:11:08ZDoes universal long-term care insurance boost female labor force participation? Macro-level evidence2193-900410.2478/izajolp-2021-0004https://doaj.org/article/6aa4e008b90945ff81b3c1b7f4ce19182021-06-01T00:00:00Zhttps://doi.org/10.2478/izajolp-2021-0004https://doaj.org/toc/2193-9004Although a public long-term care (LTC) program is a potentially important factor for the labor supply of female informal caregivers, there are only a handful of individual-level studies on this topic and the macro-level impacts of LTC programs are still largely unknown. Exploiting the introduction of nationwide long-term care insurance (LTCI) in Japan and utilizing a synthetic control method, we examine how LTCI introduction has altered the trends of public expenditures on in-kind benefits for the elderly, public health expenditure, and female labor force participation. The estimation results using the panel data of OECD countries (1980–2013) suggest that LTCI introduction substantially increased the in-kind benefits for the elderly by around one percentage point of GDP 10 years after LTCI introduction, but we do not find a positive effect on the labor force participation for middle-aged women. The fact that we do not observe any positive LTCI effects on middle-aged female labor force participation on a macro level implies that positive LTCI effects on female labor supply observed in some previous microlevel studies may be cancelled out by some other factors or are small enough to be detected under a general-equilibrium setting.Ando MichihitoFuruichi MasatoKaneko YoshihiroSciendoarticlelong-term care insurancesynthetic control methodaggregate effectfemale labor force participationh42h53h61i13j21j22Labor policy. Labor and the stateHD7795-8027ENIZA Journal of Labor Policy, Vol 11, Iss 1, Pp 493-505 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	long-term care insurance synthetic control method aggregate effect female labor force participation h42 h53 h61 i13 j21 j22 Labor policy. Labor and the state HD7795-8027
spellingShingle	long-term care insurance synthetic control method aggregate effect female labor force participation h42 h53 h61 i13 j21 j22 Labor policy. Labor and the state HD7795-8027 Ando Michihito Furuichi Masato Kaneko Yoshihiro Does universal long-term care insurance boost female labor force participation? Macro-level evidence
description	Although a public long-term care (LTC) program is a potentially important factor for the labor supply of female informal caregivers, there are only a handful of individual-level studies on this topic and the macro-level impacts of LTC programs are still largely unknown. Exploiting the introduction of nationwide long-term care insurance (LTCI) in Japan and utilizing a synthetic control method, we examine how LTCI introduction has altered the trends of public expenditures on in-kind benefits for the elderly, public health expenditure, and female labor force participation. The estimation results using the panel data of OECD countries (1980–2013) suggest that LTCI introduction substantially increased the in-kind benefits for the elderly by around one percentage point of GDP 10 years after LTCI introduction, but we do not find a positive effect on the labor force participation for middle-aged women. The fact that we do not observe any positive LTCI effects on middle-aged female labor force participation on a macro level implies that positive LTCI effects on female labor supply observed in some previous microlevel studies may be cancelled out by some other factors or are small enough to be detected under a general-equilibrium setting.
format	article
author	Ando Michihito Furuichi Masato Kaneko Yoshihiro
author_facet	Ando Michihito Furuichi Masato Kaneko Yoshihiro
author_sort	Ando Michihito
title	Does universal long-term care insurance boost female labor force participation? Macro-level evidence
title_short	Does universal long-term care insurance boost female labor force participation? Macro-level evidence
title_full	Does universal long-term care insurance boost female labor force participation? Macro-level evidence
title_fullStr	Does universal long-term care insurance boost female labor force participation? Macro-level evidence
title_full_unstemmed	Does universal long-term care insurance boost female labor force participation? Macro-level evidence
title_sort	does universal long-term care insurance boost female labor force participation? macro-level evidence
publisher	Sciendo
publishDate	2021
url	https://doaj.org/article/6aa4e008b90945ff81b3c1b7f4ce1918
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Does universal long-term care insurance boost female labor force participation? Macro-level evidence

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