Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers

Arbeitspapier

We study the effect of demand-side subsidies to old age care recipients on both caregiving and intergenerational transfer decisions. We exploit two quasi-natural experiments referring to the inception of a universal and unconditional caregiving allowance in 2007 and its subsequent reduction in 2012. We find that the introduction of a caregiving allowance of a magnitude up to 530€ in 2011 increased the probability of informal caregiving by 32% and the intensity of care in 13.5 days/year. Consistently, we find that downstream (upstream) intergenerational transfers increased (decreased) in a magnitude of 29% (15%). The effects concentrate among middle and lower income households and were attenuated by the reduction of the subsidy.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 11774

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Health: Government Policy; Regulation; Public Health ; Household Saving; Personal Finance ; Insurance; Insurance Companies; Actuarial Studies
• Thema: caregiving ; intergenerational transfers ; unconditional transfer ; difference-in-differences ; long-term care ; family transfers ; exchange motivation ; caregiving allowances ; demand-side cash subsidies

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Costa-Font, Joan ; Jimenez-Martin, Sergi ; Vilaplana-Prieto, Cristina
• Ereignis: Veröffentlichung
• (wer): Institute of Labor Economics (IZA)
• (wo): Bonn
• (wann): 2018

Weitere Informationen

• Handle: http://hdl.handle.net/10419/185234
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ