The Effect of Long Term Care System for the Elderly on Labor Market
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This study aimed to analyze the effect of long term care for the elderly to labor market based on documentary research. The results show that long-term care for the elderly can increase the labor foce participation rate, especially in the female workforce who are responsible for caring the elderly in the household. Formal care reduce the decision-making to quit employment, Working hours and wages are higher than those caring for the elderly, while informal care made workers more likely to leave the labor market, Change from full time to part-time work, face difficulties returning to the labor market, developing a long-term care system to link formal and informal care, meet the needs of household, which reducing the impact on the labor market in the short term and long term.
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