On the Consumption Insurance Effects of Long-term Care Insurance in Japan: Evidence from Micro-level Household Data

Yasushi Iwamoto, Miki Kohara and Makoto Saito

Global COE Hi-Stat Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: Using micro-level household data in the 2001 Comprehensive Survey of the Living Conditions of the People on Health and Welfare compiled by the Japanese Ministry of Health, Labor and Welfare, this paper examines how having a household member in need of long-term nursing care can result in welfare losses measured in terms of consumption. In so doing, this study evaluates the role of the public long-term care insurance scheme implemented in Japan in April 2000. The results indicate that when households include a disabled family member, household consumption net of long-term care costs do not decrease as much as before the introduction of long-term care insurance. Further, when compared with the surveys conducted in 1998, theadverse effects on consumption net of long-term care costs have become much weaker. These findings suggest that the introduction of social insurance in 2000 helped Japanese households to reduce the welfare losses associated with a disabled family member.

Keywords: social insurance; consumption insurance; long-term care insurance (search for similar items in EconPapers)
JEL-codes: E21 I18 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-hea, nep-ias and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: On the consumption insurance effects of long-term care insurance in Japan: Evidence from micro-level household data (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hst:ghsdps:gd09-109

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