Informal and formal care for disabled elderly individuals. Substitutes or complements?

Sergio Perelman and Pierre Pestieau
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Sergio Perelman: Université de Liège
Pierre Pestieau: Université catholique de Louvain, LIDAM/CORE, Belgium

No 2025016, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: The relationship between informal and formal care for disabled elderly individuals -whether they function as substitutes or complements- represents a fundamental question for optimizing public resource allocation in aging societies. We develop a theoretical framework demonstrating that long-term care (LTC) policy design hinges critically on this relationship. Using data from the Survey of Health, Ageing and Retirement in Europe (SHARE), we provide empirical evidence to address this pivotal question.

Keywords: Long term care; informal versus formal care; social insurance (search for similar items in EconPapers)
JEL-codes: H I (search for similar items in EconPapers)
Pages: 16
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2025016

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