Gruber, Jonathan; McGarry, Kathleen; Hanzel, Charles - National Bureau of Economic Research - 2023
division between the use of formal and informal care. Given the importance of informal care across all countries studied, we … conclude that any estimate of the social costs of long-term care must account for the implicit costs of informal care. In … undertaking such an evaluation of informal care, we find that it comprises at least one-third of all long-term care spending for …