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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Formal home health care, informal care, and family decision making |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | International Economic Review |
| Publisher | Wiley-Blackwell |
| Geographical Reach | international |
| ISSN | 0020-6598 |
| Volume | 50 |
| Number | 4 |
| Page Range | 1205 - 1242 |
| Date | 2009 |
| Abstract Text | We use the 1993 wave of the AHEAD data set to estimate a game-theoretic model of families' decisions concerning the provision of informal and formal care for elderly individuals. The outcome is a Nash equilibrium where each family member jointly determines her consumption, transfers for formal care, and allocation of time to informal care, market work, and leisure. We use the estimates to decompose the effects of adult children's opportunity costs, quality of care, and caregiving burden on their propensities to provide informal care. We also simulate the effects of a broad range of policies of current interest. |
| Digital Object Identifier | 10.1111/j.1468-2354.2009.00566.x |
| Other Identification Number | doi:10.1111/j.1468-2354.2009.00566.x |
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