RT Journal Article
SR Electronic
T1 Bequests and Informal Long-Term Care: Evidence from HRS Exit Interviews
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
DO 10.3368/jhr.52.2.1214-6839R1
A1 Max Groneck
YR 2016
UL http://jhr.uwpress.org/content/early/2016/03/04/jhr.52.2.1214-6839R1.abstract
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.