Tuesday, December 5, 2023

How does caregiving affect employment and profits? – Healthcare Economist


That is the query {that a} contemporary NBER running paper by way of Nicole Maestas, Matt Messel, and Yulya Truskinovsky (2023) purpose to respond to. The authors use information from the Survey of Source of revenue and Program Participation (SIPP) amongst particular person document offering unpaid care to circle of relatives and good friend. The SIPP information are then related to profits information from Social Safety Management. People who supply caregiving are matched with identical people in keeping with demographics in addition to profits/employment histories. The use of this means the authors to find the next effects by way of gender:

Ahead of girls get started offering care, there’s no distinction of their employment or profits trajectories and the ones of non-caregivers or long run caregivers. On the other hand, within the 3 years after girls start offering care, the employment of caregivers falls by way of 2.7 proportion issues (4 %) relative to the employment of long run caregivers, or by way of 2.1 proportion issues relative to non-caregivers. The employment hole between caregivers and comparability teams narrows 3 to 5 years after care starts. The typical annual profits of feminine caregivers fall by way of just about $1,000 (4 %) within the first 3 years after caregiving starts, relative to the profits of long run caregivers, and stays about $600 decrease in years 3 to 5, even supposing the longer-term distinction isn’t statistically vital.

For males, the image is relatively other. The employment and profits of male caregivers start to decline 5 or extra years sooner than males start to offer unpaid care, relative to the trajectories of male non-caregivers and long run caregivers. Once they start offering care, male caregivers enjoy an additional employment decline of three.7 proportion issues (5 %) relative to the keep watch over crew of long run caregivers. Male caregivers keep out of the exertions pressure longer than do feminine caregivers, because the employment hole between male caregivers and their keep watch over teams persists in years 3 to 5 slightly than narrows as observed for feminine caregivers.


You’ll learn the NBER digest abstract right here and the total paper right here.


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