时间：2026年10月16日（周五）10:00-11:30

地点：北大国发院承泽园246教室

主持人：雷晓燕、易君健

参与老师：张丹丹、李玲、刘国恩、黄炜

主讲人：周瑾，香港城市大学经济与金融学系

摘要：How does public long-term care insurance (LTCI) targeted at older adults affect child development in multigenerational families? We examine this question using linked data covering three generations and the staggered rollout of China’s LTCI program, which provides coverage to individuals with functional limitations. We find that LTCI improves grandparents' health and substantially enhances grandchildren’s cognitive development, with larger effects in families whose grandparents faced greater pre-policy disability risk. To investigate the underlying mechanisms, we examine the middle generation’s labor-market responses and investments in children. LTCI increases mothers’ employment by 10.1 percentage points and raises their monthly wages, while having little effect on fathers’ labor-market outcomes. It also increases families’ monetary and behavioral investments in children. Finally, after incorporating benefits across all three generations, we estimate that each yuan of net government spending generates approximately 4.3 yuan in household welfare. Effects on mothers and grandchildren account for more than 70% of the program’s total estimated benefits.

主讲人简介：Jin Zhou is currently an Associate Professor in the Department of Economics and Finance at the City University of Hong Kong. Her primary fields are Applied Microeconomics, Applied Econometrics, and Development Economics. She currently focuses on research on one of the largest early childhood interventions in the world, the China REACH project, with particular emphasis on understanding the child skill development process and designing and studying interventions aimed at accelerating the child learning process. She also works on the role of human capital in the labor market and related policy evaluation. She received her Ph.D. in Economics from the University of Western Ontario and worked as a postdoctoral scholar at the University of Chicago. Her research has been published in the Journal of Political Economy, Journal of Labor Economics, Journal of Econometrics, AEJ: Applied Economics, and other top journals in economics.（更多详细信息可参考周瑾老师个人主页：https://www.cb.cityu.edu.hk/staff/jzhou269/）