Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113757
Authors: 
Costa-i-Font, Joan
Karlsson, Martin
Øien, Henning
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper 5427
Abstract: 
Macroeconomic downturns can have an important impact on the availability of informal and formal long-term care. This paper investigates how the market for informal care changed during and after the Great Recession in Europe. We use data from the Survey of Health, Aging and Retirement in Europe, which includes a rich set of variables covering waves before and after the Great Recession. We find evidence of an increase in the availability of informal care and a reduction in the use of formal health services (doctor visits and hospital stays) after the economic downturn when controlling for year and country fixed effects. This trend is mainly driven by changes in care provision of individuals not cohabiting with the care recipient. We also find a small negative association between old-age health and crisis severity. The results are robust to the inclusion of individual characteristics, individual-specific effects and region-specific time trends.
Subjects: 
long-term care
informal care
great recession
downturn
old age dependency
JEL: 
J10
I18
Document Type: 
Working Paper

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