Working Paper: NBER ID: w29951
Authors: Rainer Kotschy; David E. Bloom
Abstract: This paper investigates challenges of aging for long-term care. Our analysis proceeds in three steps. In the first step, we estimate the prospective care demand for 30 developed countries based on projected aging and disabilities among the elderly. In the second step, we outline challenges for care systems with respect to shortages of care workers, increasing skill requirements for care workers, barriers to universal and equitable access to care, and cost containment subject to adequate care quality. In the third step, we identify solutions for these challenges by comparing the care systems of Germany, Israel, Japan, the Netherlands, and South Korea.
Keywords: No keywords provided
JEL Codes: H51; H75; I18; I38; J11
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Aging population (J11) | Increase in share of elderly requiring LTC (J26) |
| Increased demand for LTC (J29) | Workforce strain and increased skill requirements (J29) |
| Solutions to LTC challenges (G52) | Ensure equitable access to care and maintain care quality (I14) |
| Demographic changes and health status (J11) | Impact on demand for LTC (G52) |