Title | Bequests and informal long-term care: Evidence from HRS exit interviews |
Publication Type | Journal Article |
Year of Publication | 2017 |
Authors | Groneck, M |
Journal | Journal of Human Resources |
Volume | 52 |
Issue | 2 |
Pagination | 531-572 |
ISSN Number | 0022-166X |
Keywords | Caregiving, 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. |
URL | http://jhr.uwpress.org/lookup/doi/10.3368/jhr.52.2.1214-6839R1https://syndication.highwire.org/content/doi/10.3368/jhr.52.2.1214-6839R1 |
DOI | 10.3368/jhr.52.2.1214-6839R1 |
Short Title | J. Human Resources |
Citation Key | 9086 |