# Caring for the Aging: A Social Exchange Perspective on Taiwan’s Shared Care Model

## TL;DR

This paper examines Taiwan's shared care model for elderly care, showing it reduces financial and emotional burdens while improving satisfaction for caregivers and families.

## Contribution

The study evaluates Taiwan’s shared care policy through social exchange theory, revealing its effectiveness in balancing caregiver and family needs.

## Key findings

- Shared care policy achieves high satisfaction rates among caregivers and families.
- The model reduces financial strain and prevents caregiver burnout.
- Government subsidies and shift-based work improve job satisfaction and caregiving standards.

## Abstract

The global population aged 60 and above is expected to grow by 34%, reaching 2.1 billion by 2050 (WHO, 2020), bringing significant challenges to families, healthcare systems, and governments. As aging populations face rising rates of chronic diseases such as cardiovascular conditions, diabetes, and dementia, the demand for long-term care increases, straining healthcare infrastructures globally. In Taiwan, approximately 840,000 individuals require long-term care, affecting 11% of families. Care responsibilities often fall on family members or outsourced caregivers, leading to financial and emotional strain, a trend observed in many countries facing similar challenges. To address this, the Taiwanese government has implemented a shared caregiving policy, allowing multiple patients to share one caregiver. This model reduces financial burdens on families and provides caregivers with shift-based work to prevent burnout, rather than continuous 24-hour care. Personal caregivers typically cost NT$2,400 per day, creating financial stress for families, while caregivers often face exhaustion. Using social exchange theory (Cook, 1987; Thibaut & Kelley, 1959), this study evaluates the shared care policy’s impact, revealing high satisfaction rates among registered nurses (88%), nursing aides (81.5%), and families (82%). The policy subsidizes caregiving costs, reduces stress, and improves job satisfaction for healthcare professionals. By balancing the costs and rewards for caregivers and families, the policy fosters a fairer exchange of resources and labor. While the policy has addressed caregiver shortages and improved caregiving standards, sustainable government funding remains essential for its long-term success. Future efforts should focus on ensuring financial stability and refining the policy.