A Model for Supply of Informal Care to Elderly Parents
Posted: 21 May 2009
Date Written: October 2, 2008
This paper presents a model of informal care to parents. We assume that the child participates in the labour market and gains in utility from consumption and leisure. In addition it has altruistic motivation to give informal care to its elderly parent. We show how the labour income, labour supply and informal caregiving are affected by exogenous factors such as the education level, wage rate, other supply of care, travel distance and inheritance.
Keywords: labour supply, informal care
JEL Classification: J14, J22
Suggested Citation: Suggested Citation