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KMID : 1170320210270010067
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Korean Journal of Health Economics and Policy
2021 Volume.27 No. 1 p.67 ~ p.95
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Catastrophic Health Expenditures and Household labor Supply
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Im Hyun-Do
Shin Ja-Eun
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Abstract
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This study examines the effects of catastrophic health expenditure (CHE) on labor supply of household members. Theoretical predictions on the relationship between ill-health and labor supply at the household level are ambiguous since increased informal care needs and health care expenditure for sick household members create counteractive incentives for labor supply of caregiving members of working age. Using data from Korea Welfare Panel Survey of 2009-2018, panel fixed-effects linear probability model and multinomial logit models with year fixed effects are conducted for the sample individuals of aged 20-64. Findings show a statistically significant deterrence effect of CHE on employment. Little evidence is found for employment transition from full-time to part-time work. Females and household members of aged 30-39 are particularly susceptible to these effects. Home care service benefit from the National Health Insurance program may help household members avoid loss of employment when households face a risk of impoverishment from excessive medical bills and the burden of informal care provision of severely ill members.
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KEYWORD
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Catastrophic health expenditures, household labor supply, Korea Welfare Panel Survey, panel fixed-effects model
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