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- W2969435385 abstract "In this paper, I estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor market frictions and the German tax and benefit system. I find that informal elderly care has adverse and persistent effects on labor market outcomes and therefore negatively affects lifetime earnings, future pension benefits, and individuals'well-being. These consequences of caregiving are heterogeneous and depend on age, previous earnings, and institutional regulations. Policy simulations suggest that, even though fiscally costly, public long-term care insurance can offset the personal costs of caregiving to a large extent - in particular for low-income individuals." @default.
- W2969435385 created "2019-08-29" @default.
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- W2969435385 date "2023-01-01" @default.
- W2969435385 modified "2023-09-25" @default.
- W2969435385 title "Long-Run Consequences of Informal Elderly Care and Implications of Public Long-Term Care Insurance" @default.
- W2969435385 doi "https://doi.org/10.2139/ssrn.4447085" @default.
- W2969435385 hasPublicationYear "2023" @default.
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