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Financial support for long-term elderly care and household saving behaviour

Asako Ohinata and Matteo Picchio (UGent)
(2020) OXFORD ECONOMIC PAPERS. 72(1). p.247-268
Author
Organization
Abstract
In 2002, Scotland introduced a set of reforms which increased the financial support CD C for long-term elderly care. We study how these reforms affected households' propensity to save. Using a difference-in-differences estimator, we find that the policies reduced the household saving rate by 1.9 percentage points. This amounts to an annual reduction in saving of 503 pound. The estimated effect is heterogeneous; the effect is particularly strong among potential care givers (head of household aged in their 40s) and potential care recipients less likely to receive informal care (singles older than 65 living alone).
Keywords
Economics and Econometrics, HEALTH-INSURANCE, INFORMAL CARE, FORMAL CARE

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MLA
Ohinata, Asako, and Matteo Picchio. “Financial Support for Long-Term Elderly Care and Household Saving Behaviour.” OXFORD ECONOMIC PAPERS, vol. 72, no. 1, 2020, pp. 247–68, doi:10.1093/oep/gpy073.
APA
Ohinata, A., & Picchio, M. (2020). Financial support for long-term elderly care and household saving behaviour. OXFORD ECONOMIC PAPERS, 72(1), 247–268. https://doi.org/10.1093/oep/gpy073
Chicago author-date
Ohinata, Asako, and Matteo Picchio. 2020. “Financial Support for Long-Term Elderly Care and Household Saving Behaviour.” OXFORD ECONOMIC PAPERS 72 (1): 247–68. https://doi.org/10.1093/oep/gpy073.
Chicago author-date (all authors)
Ohinata, Asako, and Matteo Picchio. 2020. “Financial Support for Long-Term Elderly Care and Household Saving Behaviour.” OXFORD ECONOMIC PAPERS 72 (1): 247–268. doi:10.1093/oep/gpy073.
Vancouver
1.
Ohinata A, Picchio M. Financial support for long-term elderly care and household saving behaviour. OXFORD ECONOMIC PAPERS. 2020;72(1):247–68.
IEEE
[1]
A. Ohinata and M. Picchio, “Financial support for long-term elderly care and household saving behaviour,” OXFORD ECONOMIC PAPERS, vol. 72, no. 1, pp. 247–268, 2020.
@article{8600199,
  abstract     = {{In 2002, Scotland introduced a set of reforms which increased the financial support CD C for long-term elderly care. We study how these reforms affected households' propensity to save. Using a difference-in-differences estimator, we find that the policies reduced the household saving rate by 1.9 percentage points. This amounts to an annual reduction in saving of 503 pound. The estimated effect is heterogeneous; the effect is particularly strong among potential care givers (head of household aged in their 40s) and potential care recipients less likely to receive informal care (singles older than 65 living alone).}},
  author       = {{Ohinata, Asako and Picchio, Matteo}},
  issn         = {{0030-7653}},
  journal      = {{OXFORD ECONOMIC PAPERS}},
  keywords     = {{Economics and Econometrics,HEALTH-INSURANCE,INFORMAL CARE,FORMAL CARE}},
  language     = {{und}},
  number       = {{1}},
  pages        = {{247--268}},
  title        = {{Financial support for long-term elderly care and household saving behaviour}},
  url          = {{http://doi.org/10.1093/oep/gpy073}},
  volume       = {{72}},
  year         = {{2020}},
}
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