The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests : The Case of Japan

Material type: 文書・図像類

Author: Horioka, Charles Yujiほか

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2024-07

Material Format: Paper

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Note (General)：: The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, inform...

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Paper

Material Type: 文書・図像類
Title: The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests : The Case of Japan
Author/Editor: Horioka, Charles Yuji
Gahramanov, Emin
Tang, Xueli
Author Heading: Horioka, Charles Yuji
https://nrid.nii.ac.jp/nrid/1000090173632
Gahramanov, Emin
Tang, Xueli
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2024-07
Publication Date (W3CDTF): 2024-07
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 1250
Volume: 1250
Pages: 1-35
ISSN (Periodical Title): PISSN : 0473453X
EISSN : 24350982
Text Language Code: eng
Subject Heading: Altruistic bequests
bequests
caregiving
elderly care
family care
formal care
informal care
long-term care
long-term care insurance
parental care
selfish bequests
strategic bequests
Target Audience: 一般
Note (General): The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS), formerly known as the Preference Parameter Study, conducted by Osaka University. Japan is an interesting case to analyze because a public LTCI system was introduced there in 2000. Our analysis shows that, in the case of Japan, if parents are eligible for public LTCI benefits, their children will be less likely to be their primary caregiver and that this, in turn, will reduce their children’s perceived likelihood of receiving a bequest from them. This result implies that bequests are selfishly or strategically motivated (i.e., that parents leave bequests to their children in order to elicit care from them) and that the introduction of a public LTCI system will reduce the likelihood of children providing care to their parents and through this channel reduce their perceived likelihood of receiving a bequest from them.
References (URI): URI
https://www.iser.osaka-u.ac.jp/library/dp/2024/DP1250.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華