| Project/Area Number |
16KK0052
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| Research Category |
Fund for the Promotion of Joint International Research (Fostering Joint International Research)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Public finance/Public economy
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| Research Institution | National Graduate Institute for Policy Studies |
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Principal Investigator |
Hsu Minchung 政策研究大学院大学, 政策研究科, 准教授 (20467062)
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| Research Collaborator |
Hansen Gary UCLA, Department of Economics, Professor
Capatina Elena UNSW, Center of Population Ageing Research, Research fellow
Liao Pei-Ju National Taiwan University, Dept of Economics, Associate Professor
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| Project Period (FY) |
2016 – 2017
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| Project Status |
Completed (Fiscal Year 2017)
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| Budget Amount *help |
¥7,670,000 (Direct Cost: ¥5,900,000、Indirect Cost: ¥1,770,000)
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| Keywords | long-term care / population aging / Medicaid / aging / Aging / Long-term care / Population Aging / Long-term Care / Social insurance / Population policy / Development economy |
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| Outline of Final Research Achievements |
We aim to investigate the importance of long-term care(LTC) in an aging society,including individual’s optimal choices,the role of family structure and the interaction between the LTC market and the aggregate economy.We have collected household level panel data (PSID/HRS/MEPS datasets) from US that allows us to understand the demand of LTC and to analyze the consumption/saving/medical care behaviors in old ages.We have developed a life-cycle model with single and married households to analyze the behaviors of consumption,saving and long-term expenditures.We have developed an approach to solve for the model numerically and a computer program to provide quantitative analysis by simulations.We set our benchmark to the US economy,in which a means-tested public LTC insurance,Medicaid,provides a basic level of LTC for poor people.We have done a policy experiment on a reform of providing universal coverage of LTC,which is close to the Japanese system,and investigate the welfare implications.
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