This page offers the latest information about workshop series by WINPEC (Waseda Institute of Political Economy).
Macroeconomics
Minamo Mikoshiba
(University of Tokyo (PhD student))
Jun. 13
2022
| Title |
A Welfare Analysis of Long-Term Care Insurance in Japan |
| Date |
June 13, 2022 (Monday) 10:40-12:10 |
| Location |
via Zoom |
| Abstract |
This paper studies how Long-term care (LTC) risks affect an individual’s lifecycle behavior over the life-cycle, and analyzes the roles of the LTC insurance (LTCI) system in Japan, which has the public universal LTCI system with the oldest population in the world. We build a structural over-lapping generations model with two-sided altruism introducing both the LTC-need level and two-stage family care arrangements between an elderly parent and children to quantify the economic and welfare effects of the insurance system. This paper evaluates the Japanese universal LTCI system with a benefit-in-kind compared to the alternative LTC policies. |
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