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Thinking of incentivizing care? The effect of demand subsidies on informal caregiving and intergenerational transfers

Joan Costa-Font, Sergi Jimenez-Martin () and Cristina Vilaplana-Prieto
Authors registered in the RePEc Author Service: Joan Costa-i-Font ()

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: We show that demand side cash subsidies to care recipients alter both caregiving and intergenerational transfer decisions. We exploit a quasi-natural experiment referring to the inception of a universal caregiving allowance (in 2007 and its reduction in 2012). We find a caregiving subsidy (of a magnitude of 530€ in 2011) to increase the probability of informal caregiving by 32% (the intensity of care in 13.5 days/year). Similarly, we find that downstream (upstream) intergenerational transfers increased (decreased) in a magnitude of 29% (15%). The effects concentrate among middle and lower income households, and were attenuated by the reduction of the subsidy.

Keywords: caregiving; intergenerational transfers; difference-in-differences; long-term care; family transfers; exchange motivation; caregiving allowances; demand side cash subsidies. (search for similar items in EconPapers)
JEL-codes: I18 D14 G22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-eur and nep-hea
Date: 2016-09, Revised 2017-05
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Related works:
Working Paper: Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers (2018) Downloads
Working Paper: Thinking of incentivizing care? The effect of demand subsidies on informal caregiving and intergenerational transfers (2016) Downloads
Working Paper: Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers (2016) Downloads
Working Paper: Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers (2016) Downloads
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