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Bequests and Informal Long-Term Care: Evidence from HRS Exit Interviews

Bequests and Informal Long-Term Care: Evidence from HRS Exit Interviews <p>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&apos;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&apos;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.</p> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resources University of Wisconsin Press

Bequests and Informal Long-Term Care: Evidence from HRS Exit Interviews

Groneck, Max
Journal of Human Resources , Volume 52 (2) – May 10, 2017
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Publisher
University of Wisconsin Press
Copyright
©by the Board of Regents of the University of Wisconsin System
ISSN
1548-8004

Abstract

<p>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&apos;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&apos;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.</p>

Journal

Journal of Human Resources – University of Wisconsin Press

Published: May 10, 2017

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