Caring for dependent parents: Altruism, exchange or family norm?
- 554 Downloads
The purpose of this paper is to test alternative models of long-term caring motives. We consider three main motives: pure altruism, exchange and family norm. Our database is the second wave of the Survey of Health, Ageing and Retirement in Europe (SHARE) which allows linking almost perfectly and with complete information children and their parents’ characteristics. Comparing the empirical results to the theoretical models developed, it appears that, depending on the regions analyzed, long-term caring is driven by moderate altruism or by family norm, while Alessie et al. (De Economist 162(2):193–213, 2014), also using SHARE data, stress the importance of exchange motive in intergenerational transfers.
KeywordsLong-term care Intergenerational transfers Informal care Altruism Exchange Family norm
JEL ClassificationD13 J14 D64
- Bianchi SM, Hotz VJ, McGarry K, Seltzer JA (2008) Intergenerational ties: alternative theories, empirical findings and trends, and remaining challenges. In: Booth A, Crouter AC, Bianchi SM, Seltzer JA (eds) Intergenerational Caregiving. The Urban Institute Press, Washington, DCGoogle Scholar
- Canta C, Pestieau P (2014) Long term care and family norm. BE J Econ Anal Poli 14(2):401–428Google Scholar
- Cremer H, Pestieau P, Ponthière G (2012) The economics of long-term care: a survey. Nordic Econ Policy Rev 2:108–148Google Scholar
- Duan N, Manning WG, Morris CN, Newhouse JP (1983) A comparison of alternative models for the demand for medical care. J Bus Econ Stat 1(2):115–126Google Scholar
- Laferrère A, Wolff FC (2006) Microeconomic models of family transfers. In: Kolm SC, Mercier Ythier J (eds) Handbook on the economics of giving, reciprocity and altruism, chapter 13. Elsevier, North-Holland, pp 890–971Google Scholar
- OCDE (2013) Public spending on health and long-term care: a new set of projections. OCDE Economic Policy Papers, 6Google Scholar
- Pollak R (1985) A transaction cost approach to families and households. J Econ Lit 23(2):581–608Google Scholar
- Ponthière G (2013) Long-term care, altruism and socialization. BE J Econ Anal Poli 14(2):429–471Google Scholar
- Van Houtven C, Coe N, Skira M (2013) The effect of informal care on work and wages. J Health Econ 32(1):240–252Google Scholar