Bequests and informal long-term care: Evidence from HRS exit interviews

TitleBequests and informal long-term care: Evidence from HRS exit interviews
Publication TypeJournal Article
Year of Publication2017
AuthorsGroneck, M
JournalJournal of Human Resources
Volume52
Issue2
Pagination531-572
ISSN Number0022-166X
KeywordsCaregiving, Long-term Care
Abstract

Informal long-term caregiving for frail elderly individuals by their children may induce parents to compensate their children for their help. To test this hypothesis, I use the exit interview from the Health and Retirement Study (HRS). My results show that the decision to care for one's parents has a significant positive impact on the incidence and amount of bequests received. In addition, increasing the amount of care relative to one's siblings significantly increases the proportion of bequest within a family. Furthermore, I find that the positive nexus of caregiving and bequest requires a written will as a contract between the parent and the helping child.

URLhttp://jhr.uwpress.org/lookup/doi/10.3368/jhr.52.2.1214-6839R1https://syndication.highwire.org/content/doi/10.3368/jhr.52.2.1214-6839R1
DOI10.3368/jhr.52.2.1214-6839R1
Short TitleJ. Human Resources
Citation Key9086