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Caring for parents by quitting jobs if needed -- Japan reports. Will India's fiscal system strengthen family ties?

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I find in this report an echo of the Hindu traditions of joint family where it is the responsibility of the family to care for the elderly. This has been for a millennia an effective social security system.

I hope a similar survey will reveal a similar situation in India, that is Bharat.

Fiscal policies should be so framed as to strengthen the Hindu joint family system which is, in effect, a social security system by the community without depending upon a State-led social security system.

Kalyanaraman




13% of middle-aged men quitting jobs to take care of parents

KYODO
Middle-aged men are quitting paid work to care for elderly parents in increasing numbers, a new study shows.
According to the study by the Institute for Research on Household Economics, 13.4 percent of men aged between 40 and 64 living with parents requiring nursing care had quit their jobs at some stage to tend to the relatives, compared with 27.6 percent of women facing the same situation.
“Turnover among men to provide care (to their parents) is rising,” said Keiko Tanaka, a researcher at the institute.
The increase apparently reflects more men remaining unmarried and not having reliable siblings around them.
Women are meanwhile more likely to be in a position to quit work and care for parents due to having a primary breadwinner spouse.
The study was based on a survey conducted between September and November 2011 on the Internet, with 206 men and 264 women responding. The average age of the respondents was 52.6, while that of their parents stood at 82.7.
Given that the respondents had to spend around ¥69,000 on average per month for home-based care, Tanaka said “they are squeezed by high nursing costs.” She stressed the need to provide enough public support to caregivers.
http://www.japantimes.co.jp/news/2013/05/13/national/13-of-middle-aged-men-quitting-jobs-to-take-care-of-parents/#.UZ7vfNIwevd

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