PT  - JOURNAL ARTICLE
AU  - Max Groneck
TI  - Bequests and Informal Long-Term Care
AID  - 10.3368/jhr.52.2.1214-6839R1
DP  - 2017 Mar 31
TA  - Journal of Human Resources
PG  - 531--572
VI  - 52
IP  - 2
4099  - http://jhr.uwpress.org/content/52/2/531.short
4100  - http://jhr.uwpress.org/content/52/2/531.full
SO  - J Hum Resour2017 Mar 31; 52
AB  - 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.