How to support adult caregivers?

Joan Costa-Font

IZA World of Labor, 2023, No 510, 510

Abstract: Some studies estimate that the value of time spent on unpaid caregiving is 2.7% of the GDP of the EU. Such a figure exceeds what EU countries spend on formal long-term care as a share of GDP (1.5%). Adult caregiving can exert significant harmful effects on the well-being of caregivers and can exacerbate the existing gender inequalities in employment. To overcome the detrimental cognitive costs of fulfilling the duty of care to older adults, focus should be placed on the development of support networks, providing caregiving subsidies, and enhancing labor market legislation that brings flexibility and level-up pay.

Keywords: informal caregiving; employment; care substitution; employment regulation; care leaves; flexible work times; mental health; well-being (search for similar items in EconPapers)
JEL-codes: J1 J14 J16 J17 (search for similar items in EconPapers)
Date: 2023
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