The impact of long-term care insurance on household expenditures of the elderly: Evidence from China.

ABSTRACT: This study aims to investigate the impact of China's long-term care insurance (LTCI) pilot on household expenditures of the elderly. Utilizing the China Health and Retirement Longitudinal Study (CHARLS) 2015-2020 three-period longitudinal panel data, we examine the policy effects of LTCI using the Differences-in-Differences (DID) approach. The results indicate that the implementation of LTCI significantly reduces medical (p<0.05) and healthcare expenditures (p<0.05) for elderly households, while substantially increasing non-medical healthcare expenditures (p<0.01) and total expenditures (p<0.01). This effect is more pronounced for older households in rural areas or with lower levels of education. Furthermore, the improvement in household expenditures is strongly associated with the health

SUBMITTER: Zhang T 

PROVIDER: S-EPMC12011250 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature