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

Horioka, Charles Yuji; Gahramanov, Emin; Tang, Xueli

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

Horioka, Charles Yuji; Gahramanov, Emin; Tang, Xueli

Institute of Social and Economic Research Discussion Papers, 2024, 1250, 1-35

アクセス数:32件（2025-03-23 00:19 集計）

固定URL: https://hdl.handle.net/11094/97643

論文情報

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タイトル	The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests : The Case of Japan
著者	NRID 1000090173632 1000090173632 著者名 Horioka, Charles Yuji
	著者名 Gahramanov, Emin
	著者名 Tang, Xueli
キーワード等	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
JEL分類コード (JEL)	D11
	D12
	D15
	D64
	E21
	I13
	J14
抄録	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.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	1250
ページ	1-35
刊行年月	2024-07
言語	英語
ハンドルURL	https://hdl.handle.net/11094/97643
PISSN	0473453X
eISSN	24350982
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/library/dp/2024/DP1250.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

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資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2024, 1250, p. 1-35
DC.title	The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests : The Case of Japan
DC.creator	Horioka, Charles Yuji
	Gahramanov, Emin
	Tang, Xueli
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2024-07
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/library/dp/2024/DP1250.pdf
DC.subject	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
DCTERMS.abstract	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.
DC.format	97643
citation_title	The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests : The Case of Japan
citation_author	Horioka, Charles Yuji
	Gahramanov, Emin
	Tang, Xueli
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2024-07
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	1250
citation_firstpage	1
citation_lastpage	35
citation_public_url	https://hdl.handle.net/11094/97643
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/library/dp/2024/DP1250.pdf