Analysis of a New Service Model for Time Banking in Pension Services: A Case Study of Guangdong Province, China
Keywords:
Time bank, Elderly Care Service, Service Model, Guangdong Province, Adaptability AnalysisAbstract
As population aging intensifies, traditional elderly care models struggle to meet rising demand. Time banking, an innovative model of social mutual assistance, addresses this by enabling elderly care services through time exchanges among members, offering both economic and social benefits. This model has emerged as a significant trend in elderly care services. Using Guangdong Province as a case study, this paper provides a comprehensive analysis of the new time banking service model. It begins with an overview of time banking research, both domestically and internationally, and explores the relevance and value of this model in elderly care amid Guangdong’s aging population. A framework for a novel time banking service model is then proposed, detailing its theoretical foundation, operational processes, management mechanisms, and the specific challenges it faces in elderly care services in Guangdong. The study includes an empirical evaluation of implemented time banking cases in Guangdong, assessing their operational status, effectiveness, feasibility, and practical challenges. Based on both theoretical and empirical insights, this paper summarizes the advantages and limitations of time banking in elderly care services in Guangdong and offers policy recommendations to foster sustainable development of time banking within an aging society. This study not only contributes insights for advancing the time banking model in Guangdong and other Chinese provinces but also serves as a valuable reference for innovating elderly care models in other regions.
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