Gruber, Jonathan; McGarry, Kathleen; Hanzel, Charles - National Bureau of Economic Research - 2023
fertility falling, leading to a rapid aging of the population. This trend has critical implications for long-term care around … informally by family or other unpaid caregivers; without public support, the cost of long-term care would be beyond the financial … sector bears the majority of the costs of formal long-term care in every country. There are, however, important differences …