Long-term care insurance coverage and labor force participation of older people: Evidence from China

被引：8

作者：

Ai, Jingyi ^{[1
]}

Feng, Jin ^{[2
]}

Zhang, Xiaohan ^{[3
]}

机构：

[1] Fudan Univ, Inst Ageing, Shanghai, Peoples R China

[2] Fudan Univ, Sch Econ, 600 Guoquan Rd, Shanghai 200433, Peoples R China

[3] Fed Reserve Bank Dallas, Fed Reserve Bank Dallas, Dallas, TX USA

来源：

CHINA ECONOMIC REVIEW | 2024年 / 86卷

基金：

美国国家科学基金会;

关键词：

Long-term care; Social insurance; Old age labor participation; HEALTH-INSURANCE; SOCIAL-SECURITY;

D O I：

10.1016/j.chieco.2024.102192

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Many scholars attribute the slowdown of economic growth to population aging and its negative impact on the size of the labor force. Meanwhile, government programs targeting an aging society can generate work disincentives. This paper studies the unintended labor market effects of Longterm Care Insurance (LTCI) among people of older age by exploiting the launch of the LTCI program in China. We find that policy-covered older adults decreased labor market engagement, significantly increasing the probability of exiting the labor market completely or not working fulltime. We also document more substantial effects among those with low income, poor health, advanced age, and few children. The forgone wages of older adults account for >0.25% of GDP. These findings have policy implications for countries "growing old before getting rich."

引用

页数：18

共 40 条

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