Impacts of Long-Term Care Insurance on Intergenerational Household Transfers
The intergenerational resource allocation effects of long-term care insurance(LTCI)play a crucial role in optimizing income distribution patterns.Utilizing data from the China Health and Retirement Longitudinal Study(CHARLS),the China Pilot Long-Term Care Insurance Policy Database(CLIP),and the China Urban Statistical Year-book,this study employs the staggered difference-in-differences method and the event study method to examine the ef-fects of LTCI on family intergenerational transfers.Our findings indicate that downward household intergenerational transfers increased following the pilot implementation of LTCI,while upward household intergenerational transfers re-mained largely unchanged.The LTCI contributed to the rise in family intergenerational downward transfers by enhancing the health and economic status of disabled elderly individuals,driven by altruistic motives.Furthermore,the LTCI re-sulted in increased economic resources for insured families.These results underscore the importance of refining the de-sign of long-term care insurance systems and optimizing the structure of family income distribution.
Long-term Care InsuranceIntergenerational TransfersFamily Economics
NETL
NSTL
万方数据
