Caregiving subsidies and spousal early retirement intentions

Costa-Font, Joan; Vilaplana Prieto, Cristina

Publication:
Caregiving subsidies and spousal early retirement intentions

dc.contributor.author	Costa-Font, Joan
dc.contributor.author	Vilaplana Prieto, Cristina
dc.contributor.department	Fundamentos del Análisis Económico
dc.date.accessioned	2025-01-10T09:11:03Z
dc.date.available	2025-01-10T09:11:03Z
dc.date.issued	2022-07-29
dc.description	© The Author(s), 2022. This manuscript version is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by/4.0/. This document is the Accepted version of a Published Work that appeared in final form in Journal of Pension Economics and Finance. To access the final edited and published work see https://doi.org/10.1017/S1474747222000142	es
dc.description.abstract	Balancing caregiving duties and employment can be both financially and emotionally burdensome, especially when care is provided to a spouse at home. Caregiving subsidies can play a role in helping caregivers to cope with such duties. This paper demonstrates how providing financial respite for caregivers can influence individuals' decisions to retire early. We investigate the impact of a reform that extended longterm care (LTC) benefits (in the form of subsidies and supports) on the intention of a caregiving spouse to retire early in Spain. We subsequently examine the effect of austerity spending cuts reducing such publicly funded benefits, and we compare the estimates to the effects of an early retirement reform among private sector workers around the same time. Our preferred estimates suggest evidence of a 10pp reduction in early retirement intentions after the extension of LTC benefits even though the effect is heterogeneous by type of benefit. Consistently, austerity spending cuts in benefits are found to weaken retirement intentions. Even more importantly, our estimates suggest that cuts in caregiving subsidies exert a much stronger effect on early retirement intentions than actual early retirement reforms.	es
dc.format	application/pdf	es
dc.format.extent	39	es
dc.identifier.citation	Journal of Pension Economics and Finance (2023), 22, 550–589
dc.identifier.doi	https://doi.org/10.1017/S1474747222000142
dc.identifier.issn	Print: 1474-7472
dc.identifier.issn	Electronic: 1475-3022
dc.identifier.uri	http://hdl.handle.net/10201/148241
dc.language	eng	es
dc.publisher	Cambridge University Press	es
dc.relation	Sin financiación externa a la Universidad	es
dc.relation.publisherversion	https://www.cambridge.org/core/journals/journal-of-pension-economics-and-finance/article/caregiving-subsidies-and-spousal-early-retirement-intentions/90640AE0B546DB778B912AFB5EB1F25E#	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights	Atribución 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	*
dc.subject	Caregiving subsidies	es
dc.subject	Employment	es
dc.subject	Home care	es
dc.subject	Informal care	es
dc.subject	Long-term care	es
dc.subject	Early retirement	es
dc.subject	Retirement intentions	es
dc.title	Caregiving subsidies and spousal early retirement intentions	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es