Long-term Care Insurance and Carers' Labor Supply - A Structural Model

Arbeitspapier

In Germany, individuals in need of long-term care receive support through benefits of the long-term care insurance. A central goal of the insurance is to support informal care provided by family members. Care recipients can choose between benefits in kind (formal home care services) and benefits in cash. From a budgetary perspective family care is a cost-saving alternative to formal home care and to stationary nursing care. However, the opportunity costs resulting from reduced labor supply of the carer are often overlooked. We focus on the labor supply decision of family carers and the incentives set by the long-term care insurance. We estimate a structural model of labor supply and the choice of benefits of family carers. We find that benefits in kind have small positive effects on labor supply. Labor supply elasticities of cash benefits are larger and negative. If both types of benefits increase, negative labor supply effects are offset to a large extent.

Angaben zum Objekt

• ISBN: 978-3-86788-590-4
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Ruhr Economic Papers ; No. 515

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Time Allocation and Labor Supply ; Fiscal Policies and Behavior of Economic Agents: Household ; Health Insurance, Public and Private
• Thema: labor supply ; long-term care ; long-term care insurance ; structural model

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Geyer, Johannes ; Korfhage, Thorben
• Ereignis: Veröffentlichung
• (wer): Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
• (wo): Essen
• (wann): 2014

Weitere Informationen

• DOI: doi:10.4419/86788590
• Handle: http://hdl.handle.net/10419/104735
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ