Horioka, Charles; Gahramanov, Emin; Tang, Xueli - 2024
The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care … insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan … leave bequests to their children in order to elicit care from them) and that the introduction of a public LTCI system will …