A model for supply of informal care to elderly parents
Link to article:
Fevang, E., Kverndokk, S., Røed, K.
Number in series: 12
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.
Elderly care, labor supply, ageing, inheritance
Project:Oppdragsgiver: Norges forskningsråd
Frisch prosjekt: 1135 - The public long term care and its effect on labour market participation for elderly workers