Paper #1537
- Título:
- Thinking of incentivizing care? The effect of demand subsidies on informal caregiving and intergenerational transfers
- Autores:
- Joan Costa-Font, Sergi Jiménez-MartÃn y Cristina Vilaplana-Prieto
- Data:
- Septiembre 2016
- Resumen:
- We show that demand side cash subsidies to care recipients alter both caregiving and intergenerational transfer decisions. We exploit a quasi-natural experiment referring to the inception of a universal caregiving allowance (in 2007 and its reduction in 2012). We find a caregiving subsidy (of a magnitude of 530€ in 2011) to increase the probability of informal caregiving by 32% (the intensity of care in 13.5 days/year). Similarly, 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.
- Palabras clave:
- caregiving, intergenerational transfers, difference-in-differences, long-term care, family transfers, exchange motivation, caregiving allowances, demand side cash subsidies.
- Códigos JEL:
- I18, D14, G22.
- Área de investigación:
- Economía Laboral, Pública, de Desarrollo y de la Salud / Estadística, Econometría y Métodos Cuantitativos
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