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Formal home health care, informal care, and family decision making


Byrne, D; Goeree, M S; Hiedemann, B; Stern, S (2009). Formal home health care, informal care, and family decision making. International Economic Review, 50(4):1205-1242.

Abstract

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.


Abstract

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.


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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:2009
Deposited On:15 Jan 2010 14:20
Last Modified:05 Apr 2016 13:37
Publisher:Wiley-Blackwell
ISSN:0020-6598
Publisher DOI:https://doi.org/10.1111/j.1468-2354.2009.00566.x

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