The Resource Indirect fiscal effects of long-term care insurance

Indirect fiscal effects of long-term care insurance

Label
Indirect fiscal effects of long-term care insurance
Title
Indirect fiscal effects of long-term care insurance
Creator
Subject
Language
eng
Summary
Informal care by close family members is the main pillar of most long-term care systems. However, due to demographic ageing, the need for long-term care is expected to increase while the informal care potential is expected to decline. From a budgetary perspective, informal care is often viewed as a cost-saving alternative to subsidised formal care. This view, however, neglects that many family carers are of working age and face the difficulty of reconciling care and paid work, which might entail sizeable indirect fiscal effects related to forgone tax revenues, lower social security contributions and higher transfer payments. In this paper, the authors use a structural model of labour supply and the choice of care arrangement to quantify these indirect fiscal effects of informal care. Moreover, based on the model, they discuss the fiscal effects related to non-take-up of formal care
Citation source
In: Fiscal studies. - London. - Vol. 38 (2017), no. 3 ; p. 393-415
http://library.link/vocab/creatorName
  • Geyer, J
  • Haan, P
  • Korfhage, T
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • health insurance
  • employment incentive
  • tax revenues
  • social security
  • subsidy
Label
Indirect fiscal effects of long-term care insurance
Instantiates
Publication
Label
Indirect fiscal effects of long-term care insurance
Publication

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