Wai-Man (Raymond) Liu graduated with his Ph.D. in April 2005. Liu has published a research monograph on Inframarginal Economics and numerous high quality papers in international refereed journals, including Journal of Financial Economics, Journal of Financial Markets, Journal of Futures Markets, Journal of Banking & Finance, Pacific-Basin Finance Journal and Pacific Economic Review. The research monograph was co-written with the late Prof. Xiaokai Yang (Yang and Liu (2009)). It provides systematic and comprehensive materials for applying a new overarching framework to the analysis of a wide range of micro and macro phenomena. Liu’s key research area is in market microstructure. His works involve studying the role of public information on the formation of liquidity and volatility in the financial market.

Abstract

Despite a wealth of evidence on the level, and determinants, of the contemporaneous costs of informal caregiving, the impacts of changes in caring intensity are not well understood. Against this backdrop, we provide much-needed evidence on post-care health outcomes for informal carers and the drivers thereof. In this study, we utilise Australia’s largest longitudinal household survey, the Household, Income and Labour Dynamics in Australia (HILDA) Survey, to explore how transitioning out of informal caregiving affects carers’ physical, psychological and social wellbeing as well as their workplace participation, whilst controlling for a suite of demographic and socio-economic factors known to affect these variables. While initial testing provides evidence that carers’ general, mental and emotional health, social functioning feel relatively less tired, but spend a higher amount of time in paid employment. Subsequent analysis shows that post-care improvement in carers psychological, emotional and social wellbeing increases with the post-care change in time they spend in paid employment. Taken together, our findings highlight the benefits of caregivers re-engaging / increasing their engagement with the workforce upon cessation of caring responsibilities.

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