Munich Personal RePEc Archive

Should Public Elderly Care Be Provided?

Yasuoka, Masaya (2018): Should Public Elderly Care Be Provided?


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This short paper sets an elderly care model in which the public elderly care and informal elderly care provided by the family are substitutive, with examination of the dynamics of capital accumulation and the labor supply. With certain conditions, by virtue of public elderly care, informal elderly care vanishes and a full labor supply is achieved. However, this paper presents derivation of the result that the economy with informal elderly care is simultaneously socially optimal.

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