Economic Growth Effects of Long-Term Care Insurance Embedded in Elderly Care Service System:Theoretical and Empirical Evidence
By constructing an overlapping generation model that includes long-term care insur-ance embedded in the elderly care service system,and based on panel data of Chinese cities from 2012 to 2020,a time-varying DID model is used to examine the economic growth effects of long-term care insurance.The results show that long-term care insurance can significantly improve the level of regional economic development,and this economic growth effect is mainly achieved by promoting labor supply;Expanding the coverage of long-term care insurance and increasing re-gional linkage can have a stronger economic growth effect.In view of this,it is necessary to fur-ther expand the coverage and pilot areas of long-term care insurance,strengthen inter-regional in-teraction,improve the elderly care service system,and promote high-quality development of the industry.
long-term care insuranceelderly care service systemeconomic growthtime-var-ying DID
万方数据
维普
