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MEASURING AND MODELING INTERGENERATIONAL LINKS IN RELATION TO LONG‐TERM CARE
Author(s) -
Caplin Andrew,
Luo Mi,
McGarry Kathleen
Publication year - 2018
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/ecin.12385
Subject(s) - economics , term (time) , welfare , relation (database) , work (physics) , public economics , care work , long term care , labour economics , microeconomics , psychology , computer science , mechanical engineering , physics , quantum mechanics , engineering , market economy , database , psychiatry
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)