Measuring and Modeling Intergenerational Links in Relation to Long‐Term Care

14 Pages Posted: 5 Dec 2017

See all articles by Andrew Caplin

Andrew Caplin

New York University (NYU) - Department of Economics; National Bureau of Economic Research (NBER)

Kathleen M. McGarry

University of California, Los Angeles (UCLA) - Department of Economics; National Bureau of Economic Research (NBER)

Mi Luo

New York University (NYU)

Date Written: January 2018

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 Classification: D91, I13, J22

Suggested Citation

Caplin, Andrew and McGarry, Kathleen M. and Luo, Mi, Measuring and Modeling Intergenerational Links in Relation to Long‐Term Care (January 2018). Economic Inquiry, Vol. 56, Issue 1, pp. 100-113, 2018. Available at SSRN: https://ssrn.com/abstract=3079033 or http://dx.doi.org/10.1111/ecin.12385

Andrew Caplin (Contact Author)

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Kathleen M. McGarry

University of California, Los Angeles (UCLA) - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Mi Luo

New York University (NYU) ( email )

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