Intergenerational Transfers of Time and Public Long-term Care with an Aging Population

Atsue Mizushima ()

No 07-04, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: In this paper, we use a two-period overlapping generations model to examine the behavior of an economy that incorporates intergenerational transfers of time. In the first part, we describe the dynamics and steady state of the economy in which there is no government. We show that the rate of life expectancy has negative impact on the steady-state level of the capital stock. In the second part, we study the role and the effect of public long-term care policy. We also show that public long-term care lowers the steady-state level of the capital stock but enhances the welfare when the rate of tax is small.

Keywords: time transfers; household production; overlapping generations (search for similar items in EconPapers)
JEL-codes: E60 I12 J14 J22 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2007-02
New Economics Papers: this item is included in nep-dge, nep-hea, nep-mac and nep-pbe
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http://www2.econ.osaka-u.ac.jp/library/global/dp/0704.pdf (application/pdf)

Related works:
Journal Article: Intergenerational transfers of time and public long-term care with an aging population (2009)
Working Paper: Intergenerational Transfers of Time and Public Long-term Care with an Aging Population (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0704

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