Transition to Parent-Child Coresidence: Parental Needs and the Strategic Bequest Motive

Meliyanni Johar, Shiko Maruyama and Sayaka Nakamura ()
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Sayaka Nakamura: Yokohama City University

No 2010-05, Discussion Papers from School of Economics, The University of New South Wales

Abstract: The strategic bequest motive implies that children may want to live with their parents and provide care for them with the expectation of inheriting a larger portion of their bequest. This paper examines this hypothesis by focusing on the transition to coresidence by elderly Japanese parents and their children using underutilized Japanese panel data. Unlike previous studies, evidence for the bequest motive is generally tenuous. In addition, our use of a two-component mixture logit model identifies the minority group of families that follows the bequest motive and the majority group that does not.

Keywords: informal care; intergenerational transfer; bequest motive; living arrangements; coresidence; finite mixture logit; health shock (search for similar items in EconPapers)
JEL-codes: C23 C25 I1 J12 J14 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2010-02
New Economics Papers: this item is included in nep-hap
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Citations: View citations in EconPapers (6)

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