MEASURING AND MODELING INTERGENERATIONAL LINKS IN RELATION TO LONG-TERM CARE

Andrew Caplin; Mi Luo; Kathleen McGarry

doi:10.1111/ecin.12385

MEASURING AND MODELING INTERGENERATIONAL LINKS IN RELATION TO LONG-TERM CARE

Andrew Caplin, Mi Luo, Kathleen McGarry

Research output: Contribution to journal › Article › peer-review

Abstract

Long-term care has profound intergenerational implications. It can be costly for those who need it and onerous for loved ones who provide it. We pinpoint three intergenerational aspects of long-term care that require further research. One concerns the link between costs of private care and intergenerational wealth transfers. The second concerns the link between participation in care and the work and welfare of family providers. The third relates to intergenerational tensions that these and other late-in-life interactions create. We outline innovations in modeling and measurement that would improve understanding of intergenerational linkages and their implementation in appropriate panel data. (JEL D91, I13, J22).

Original language	English (US)
Pages (from-to)	100-113
Number of pages	14
Journal	Economic Inquiry
Volume	56
Issue number	1
DOIs	https://doi.org/10.1111/ecin.12385
State	Published - Jan 2018

ASJC Scopus subject areas

General Business, Management and Accounting
Economics and Econometrics

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10.1111/ecin.12385

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abstract = "Long-term care has profound intergenerational implications. It can be costly for those who need it and onerous for loved ones who provide it. We pinpoint three intergenerational aspects of long-term care that require further research. One concerns the link between costs of private care and intergenerational wealth transfers. The second concerns the link between participation in care and the work and welfare of family providers. The third relates to intergenerational tensions that these and other late-in-life interactions create. We outline innovations in modeling and measurement that would improve understanding of intergenerational linkages and their implementation in appropriate panel data. (JEL D91, I13, J22).",

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AB - Long-term care has profound intergenerational implications. It can be costly for those who need it and onerous for loved ones who provide it. We pinpoint three intergenerational aspects of long-term care that require further research. One concerns the link between costs of private care and intergenerational wealth transfers. The second concerns the link between participation in care and the work and welfare of family providers. The third relates to intergenerational tensions that these and other late-in-life interactions create. We outline innovations in modeling and measurement that would improve understanding of intergenerational linkages and their implementation in appropriate panel data. (JEL D91, I13, J22).

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MEASURING AND MODELING INTERGENERATIONAL LINKS IN RELATION TO LONG-TERM CARE

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