Does long-term care insurance reduce the disability of middle-aged and older adults? Evidence from China-Reference-Cited by-同舟云学术

Does long-term care insurance reduce the disability of middle-aged and older adults? Evidence from China

Published:2023-01-10 Issue: Volume: Page:
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Author:

Cao Na¹,Shi Tong¹,Pan Chaoping¹

Affiliation:

1. Wuhan University

Abstract

Abstract This study aimed to examine whether the implementation of Long-Term Care Insurance (LTCI) policy reduces the disability of middle-aged and older adults in China, and to test the heterogeneity of the effects. Data came from four waves of the China Health and Retirement Longitudinal Study (CHARLS, 2011 to 2018). The Difference-In-Difference (DID) method and the panel data fixed effect model were used to estimate the effect of the implementation of LTCI policy on disability among individuals aged 45 years and above. The LTCI policy had a positive impact on reducing disability among middle-aged and older persons. Females, younger adults, city dwellers, and those who did not live with their spouses benefited the most from the LTCI policy. The results provided empirical evidence for the implementation of LTCI in China and other similar countries as China. The implementation should also pay more attention to inequity of the effects on reducing disability among different demographic groups.

Publisher

Research Square Platform LLC

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