Bequests and Informal Long-Term Care: Evidence from HRS Exit Interviews
Journal of Human Resources, 2017, vol. 52, issue 2, 531-572
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.
Note: DOI: 10.3368/jhr.52.2.1214-6839R1
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:52:y:2017:i:2:p:531-572
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