That is the title of a paper by Longo et al. (2025). The authors use dynamic panel data on Adult Social Care (ASC) in the UK. What is ASC include:
A quick explainer about ASC in the UK:
In England, there are 152 upper-tier local authorities (LAs) who are responsible for publicly-funded ASC services. Access to most services is restricted to individuals aged 18 or older with sufficiently high needs and low finances. Eligibility criteria may vary across LAs but all LAs must guarantee a minimum level of ASC protection according to the 2014 Care Act.
ASC primarily aims to improve or maintain the quality of life of users and their carers
through a wide range of services including long-term and short-term support, provision of home adaptations (e.g., shower seats), equipment (e.g., alarms for people with hearing impairment) and technology (e.g., telecare), as well as information and advice…LAs fund ASC services using revenues from local taxes, grants from the central government and, to a lesser extent, user contributions
ASC may improve the economy by (i) creating paying jobs for professionals to care for those needed long-term care services, (ii) moving family caregivers back into the labor market, and (iii) cost offsets through ASC leading to better health and decreased need for medical services.
To test this hypothesis, the authors examine the impact of ASC funding on gross value added (GVA) per capita as a function of ASC spending per ASC client. Using an Arellano-Bond estimator, the authors find that:
…a £1000 increase in LTC expenditure per client increases paid production per capita by £216 in the short run and by £670 in the long run.
You can read the full paper here.
