Elderly Care Service in an Aging Society

Masaya Yasuoka

No 168, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: An increase in life expectancy brings about an aging society, necessitating increasing demand for elderly care services. This paper presents an examination of how an aging society affects the demand for elderly care services and the labor market for elderly care services. Related reports of the literature describe that an aging society raises the share of labor dedicated to elderly care services. However, considering a closed economy in which saving affects the capital stock, an aging society does not always raise the share of labor allocated for elderly care services as derived by the related literature. This paper presents an examination of how the labor share and wage inequality between the final goods sector and elderly care sector are determined. In addition, this paper presents an examination of whether the subsidy for elderly care service increases demand for elderly care services, or not.

Keywords: Aging society; Elderly care service; Labor mobility; Two-sector model (search for similar items in EconPapers)
JEL-codes: H20 J21 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2017-10, Revised 2017-10
New Economics Papers: this item is included in nep-age, nep-cta, nep-hea and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://192.218.163.163/RePEc/pdf/kgdp168.pdf First version, 2017 (application/pdf)

Related works:
Journal Article: Elderly care service in an aging society (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:kgu:wpaper:168

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