Abstract
The first microeconometric analysis of home care carried out for all of Austria indicates the health status as a primary factor for
choosing the type of care, as well as a complementary relationship between informal and formal care. Projections for public
spending on long-term care underline how demographic trends will impact on expected cost increases. By 2025 public expenditure for long-term nursing and care services will already be higher by about 50 percent in real terms than in 2015, and long-term
care allowance will rise by about 12 percent. The growth will become explosive only after 2025, when baby boomers enter the
very old age cohorts. Between 2025 and 2050 this will triple spending on long-term care services. Through direct and indirect economic interlinkages, expenditures on long-term care services generate tax revenues and social insurance contributions of about
70 percent of the expenditures and generated employment for about 115,000 persons in 2015, as calculated by this first analysis
of the macroeconomic effects of the Austrian long-term care sector.
choosing the type of care, as well as a complementary relationship between informal and formal care. Projections for public
spending on long-term care underline how demographic trends will impact on expected cost increases. By 2025 public expenditure for long-term nursing and care services will already be higher by about 50 percent in real terms than in 2015, and long-term
care allowance will rise by about 12 percent. The growth will become explosive only after 2025, when baby boomers enter the
very old age cohorts. Between 2025 and 2050 this will triple spending on long-term care services. Through direct and indirect economic interlinkages, expenditures on long-term care services generate tax revenues and social insurance contributions of about
70 percent of the expenditures and generated employment for about 115,000 persons in 2015, as calculated by this first analysis
of the macroeconomic effects of the Austrian long-term care sector.
| Titel in Übersetzung | Austria 2025 – Challenges and Macroeconomic Effects of Long-term Care Provision |
|---|---|
| Originalsprache | Deutsch |
| Titel | WIFO-Monatsberichte |
| Herausgeber (Verlag) | Österreichisches Institut für Wirtschaftsforschung |
| Seiten | 639-648 |
| Seitenumfang | 10 |
| ISBN (elektronisch) | ISSN 0029-9898 |
| Publikationsstatus | Veröffentlicht - 2017 |
| Extern publiziert | Ja |
Publikationsreihe
| Name | WIFO Monatsberichte |
|---|---|
| Herausgeber (Verlag) | Österreichisches Institut für Wirtschaftsforschung |
| Nummer | 8 |
| Band | 90 |
| ISSN (elektronisch) | 0029-9898 |
IMC Forschungsschwerpunkte
- Health management and policy
ÖFOS 2012 - Österreichischen Systematik der Wissenschaftszweige
- 303010 Gesundheitsökonomie
- 502053 Volkswirtschaftslehre
UN SDGs
Dieser Output leistet einen Beitrag zu folgendem(n) Ziel(en) für nachhaltige Entwicklung
