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Masaya Yasuoka
''Should Public Elderly Care Be Provided?''
( 2019, Vol. 39 No.1 )
The study described in 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. By virtue of capital accumulation, informal elderly care is reduced by public elderly care. 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 socially optimal.
Keywords: Informal care, Public elderly care
JEL: H5 - National Government Expenditures and Related Policies National Government Expenditures and Related Policies: General
I1 - Health: General
Manuscript Received : Jul 15 2018 Manuscript Accepted : Mar 16 2019

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