@article {Groneck531, author = {Max Groneck}, title = {Bequests and Informal Long-Term Care}, volume = {52}, number = {2}, pages = {531--572}, year = {2017}, doi = {10.3368/jhr.52.2.1214-6839R1}, publisher = {University of Wisconsin Press}, 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{\textquoteright}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{\textquoteright}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.}, issn = {0022-166X}, URL = {https://jhr.uwpress.org/content/52/2/531}, eprint = {https://jhr.uwpress.org/content/52/2/531.full.pdf}, journal = {Journal of Human Resources} }