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    Does Providing Informal Elderly Care Hasten Retirement? Evidence from Japan

    Niimi, Yoko | April 2017
    Abstract
    This paper examines the implications of providing care to elderly parents for adult children’s retirement plans using microdata from a Japanese survey. We find no significant effect of caregiving on family caregivers’ planned retirement age if we do not take into account caregiving intensity but find a negative and significant effect on retirement plans for intensive caregivers, particularly among women. These findings suggest that relying on family members to provide elderly care can pose a serious challenge to the ongoing efforts of the government to promote the labor supply of women and the elderly to address the shrinkage of the working-age population in Japan. The estimation results suggest that ensuring access to formal care services can help family members reconcile their paid work with caregiving requirements, thereby alleviating the adverse effect of caregiving on their retirement plans. The results also suggest that the financial burden of formal care services could require caregivers to postpone retirement in some cases.
    Citation
    Niimi, Yoko. 2017. Does Providing Informal Elderly Care Hasten Retirement? Evidence from Japan. © Asian Development Bank Institute. http://hdl.handle.net/11540/7286.
    Keywords
    Aid Financing
    Pension Funds
    Medical Costs
    Health Costs
    Rural Population
    Urban Population
    Public Health Finance
    Health Financing
    Health Care Financing
    Financial Policy
    Health Sector Reform
    Health Care Cost Control
    Health Care Financing
    Financial Security
    Financial Assistance
    Aged Health
    Health Care System
    Health Care Policy
    Access to Health Care
    Public Expenditure
    Insurance Companies
    Fiscal Administration
    Medical Costs
    Multiemployer pension plans
    Keogh plans
    Individual retirement accounts
    Pension plans
    Employee pension trusts
    Pension trusts
    Nursing homes
    Long-term care facilities
    Hospices
    Accounts payable
    Vouchers
    Insurance carriers
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    Citable URI
    http://hdl.handle.net/11540/7286
    Metadata
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    adbi-wp730.pdf (654.6Kb)
    Author
    Niimi, Yoko
    Theme
    Finance
    Health
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise