We analyse how the financial support for long-term elderly care affects the level of household savings. Using a … be flexibly estimated across age groups. We find that the Scottish policy reduced the average household saving by about … household saving by £12,764. …

the Scottish elderly aged 65 and above. We find that the policy reduced the household saving rate by 1:9 percentage points …We analyse how the financial support for long-term elderly care affects the household's propensity to save. Using the … difference-in-differences estimator, we investigate the 2002 Scottish reform, which introduced free formal personal care for all …

We analyse how the financial support for long-term elderly care affects the level of household savings. Using a … be flexibly estimated across age groups. We find that the Scottish policy reduced the average household saving by about … household saving by £12,764 …

We investigate the impact of a policy reform, which introduced free formal personal care for all those aged 65 and …

We investigate the impact of a policy reform, which introduced free formal personal care for all those aged 65 and …

We investigate the impact of a policy reform, which introduced free formal personal care for all those aged 65 and …

We show that a Scottish policy reform, which introduced free formal personal home care for those aged 65 and above …