The Effect of Long-Term Care Insurance on Labor Market Performance of the Offspring of Insured Person—Evidence from the China Employer-Employee Survey
Long-term care insurance(LTCI)provides protection and compensation in the event of disability,which is beneficial for reducing the nursing burden on the family members of disabled insured person.It is also expected to affect the labor supply of the family members(such as the offspring)of the insured.Based on the panel data from the China Employer-Employee Survey(CEES)in 2015,2016 and 2018,we use a Synthetic DID method to study the impact and mechanisms of LTCI on the labor market performance of the offspring of the insured.Firstly,compared with the samples whose parents did not participate in LTCI,individuals'working hours,income,and control scores of man-agement in the samples whose parents participated in LTCI are significantly improved.Secondly,health promotion effect is a mechanism by which LTCI enhances the labor market performance of the offspring.Thirdly,the effects of LTCI on improving labor market performance are more significant for daughters,younger individuals and those with higher education.Therefore,LTCI plays an important role in re-ducing the caring burden of the offspring and stimulating the vitality of the labor market,which is crucial for supporting the long-term economic growth in an aging society.
long-term care insurancelabor market performancehealth promotion effectSynthetic DID
NETL
NSTL
万方数据
