Arbeitspapier
Long-term Care Responsibility and its Opportunity Costs
This paper analyzes the relationship between long-term care provision and the average individual wage rate. In addition, the effects of the number of hours spent on caregiving on the probability of employment as well as on the number of hours worked are examined. Data from the Survey of Health, Ageing and Retirement (SHARE) of 2004 and 2006 is used to analyze caregiving effects on the European labor market. Descriptive statistics show a positive correlation between hours of care and the wage rate for those working. In the regression analysis, sample-selection models combined with instrumental-variable estimation are used to estimate the causal effects of hours of care on wages. The results illustrate that care for parents has a large negative impact on the individual's wage rate. Test results show that controlling for sample selection is reasonable. Finally, the probability of employment is only decreased in the female sample. Although the hours worked are not significantly affected.
- ISBN
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978-3-86788-188-3
- Language
-
Englisch
- Bibliographic citation
-
Series: Ruhr Economic Papers ; No. 168
- Classification
-
Wirtschaft
Demographic Trends, Macroeconomic Effects, and Forecasts
Time Allocation and Labor Supply
Econometrics
- Subject
-
Informal care
labor-market outcomes
sample selection
Familienpflege
Opportunitätskosten
Lohn
Erwerbsverlauf
EU-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Meng, Annika
- Event
-
Veröffentlichung
- (who)
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Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (where)
-
Essen
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Meng, Annika
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Time of origin
- 2010
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