@article {9856,
	title = {A Comprehensive Measure of the Costs of Caring for a Parent: Differences According to Functional Status},
	journal = {Journal of the American Geriatrics Society},
	volume = {66},
	year = {2018},
	month = {Jan-10-2018},
	pages = {2003 - 2008},
	abstract = {Approximately 34 million family and friends provided unpaid care to individuals aged 50 and older in 2015. It is difficult to place a value on that time, because no payment is made to the caregiver, and multiplying caregiving hours by a wage does not account for the value of lost leisure time, implications for future employability and wages, or any intrinsic benefits accrued to the care provider. This study used a dynamic discrete choice model to estimate the costs of informal care provided by a daughter to her mother, including these other costs and benefits not typically accounted for, and compared these cost estimates for 4 categories of the mother{\textquoteright}s functional status: doctor-diagnosed memory-related disease, limitations in activities of daily living (ADLs), combination of both, cannot be left alone for 1 hour or more. We studied women aged 40 to 70 with a living mother at the start of the sample period (N=3,427 adult daughters) using data from the Health and Retirement Study (1998{\textendash}2012). The primary outcome was the monetized change in well-being due to caregiving, what economists call {\textquotedblleft}welfare costs.{\textquotedblright} We estimate that the median cost to the daughter{\textquoteright}s well-being of providing care to an elderly mother ranged from $144,302 to $201,896 over 2 years, depending on the mother{\textquoteright}s functional status. These estimates suggest that informal care cost $277 billion in 2011, 20\% more than estimates that account only for current foregone wages. {\textcopyright} 2018, Copyright the Author Journal compilation {\textcopyright} 2018, The American Geriatrics Society

},
	keywords = {Caregiving, Informal care, Well-being},
	doi = {10.1111/jgs.15552},
	url = {https://pubmed.ncbi.nlm.nih.gov/30222183/},
	author = {Norma B Coe and Meghan M. Skira and Eric B Larson}
}
@article {9332,
	title = {Comparing 2SLS vs 2SRI for Binary Outcomes and Binary Exposures},
	number = {Working Paper No. 23840},
	year = {2017},
	month = {09/2017},
	institution = {National Bureau of Economic Research},
	address = {Cambridge, MA},
	abstract = {This study uses Monte Carlo simulations to examine the ability of the two-stage least-squares (2SLS) estimator and two-stage residual inclusion (2SRI) estimators with varying forms of residuals to estimate the local average and population average treatment effect parameters in models with binary outcome, endogenous binary treatment, and single binary instrument. The rarity of the outcome and the treatment are varied across simulation scenarios. Results show that 2SLS generated consistent estimates of the LATE and biased estimates of the ATE across all scenarios. 2SRI approaches, in general, produce biased estimates of both LATE and ATE under all scenarios. 2SRI using generalized residuals minimizes the bias in ATE estimates. Use of 2SLS and 2SRI is illustrated in an empirical application estimating the effects of long-term care insurance on a variety of binary healthcare utilization outcomes among the near-elderly using the Health and Retirement Study.},
	keywords = {Economics, Health Services Utilization, Long-term Care},
	doi = {10.3386/w23840},
	url = {http://www.nber.org/papers/w23840.pdf},
	author = {Basu, Anirban and Norma B Coe and Cole G. Chapman}
}
@article {10772,
	title = {Children and Household Utility: Evidence from Kids Flying the Coop},
	number = {WP$\#$2010-16},
	year = {2010},
	institution = {Center for Retirement Research at Boston College},
	abstract = {Using consumption and wealth data from the Health and Retirement Study (HRS), this paper explores the impact of children leaving home on household consumption. We find that households maintain their household-level consumption, despite the fact that the number of individuals in the household has decreased, increasing per-capita consumption. Further, we find no evidence of increases in total net wealth, or any of its components, after children leave the household. These findings suggest that households do not dramatically change their savings or consumption patterns when their children fly the coop. Those households who are already behind in their retirement preparations will remain at risk of entering retirement with insufficient wealth to maintain their pre-retirement standard of living.},
	keywords = {children},
	url = {https://crr.bc.edu/working-papers/children-and-household-utility-evidence-from-kids-flying-the-coop-ii/},
	author = {Norma B Coe and Anthony Webb}
}
