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.
Original language | English |
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Pages (from-to) | 531-572 |
Number of pages | 42 |
Journal | Journal of human resources |
Volume | 52 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2017 |
Externally published | Yes |
Keywords
- INTER-VIVOS TRANSFERS
- BEQUEST MOTIVES
- Informal care
- Long-Term Care
- BEQUESTS