Effect of Caregiving on Employment for Retiring Japanese Individuals

We examined employment and caregiving behavior at retiring age in Japan, considering the marital status, living-with-parent status, spouse employment, spouse income, and net financial assets. We found that the labor participation rate for caregiving married females living with parents was lowest whe...

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Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Kitamura, Tomoki, Adachi, Yoshimi, Uemura, Toshiyuki
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 01.01.2017
Subjects
Employment
Securities markets
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Summary:We examined employment and caregiving behavior at retiring age in Japan, considering the marital status, living-with-parent status, spouse employment, spouse income, and net financial assets. We found that the labor participation rate for caregiving married females living with parents was lowest when husbands work full-time, indicating that opportunity cost is an important factor. Net financial assets had a mixed impact. For married female caregivers, a lower amount of net financial assets decreases the labor participation rate. This tendency is reversed for married males. We also found that a flexible work style prevents a fall in labor participation rate due to caregiving. The government should introduce policies for drastic improvement in balancing nursing care and employment.