The implicit assumption underlying the current policy preference for the frail elderly to be cared for "in the community" is that members of the community, particularly women, will be willing to supply informal (unpaid) care to such people in whatever quantities are required and regardless of conditions in the formal labor market. To challenge that assumption, this paper develops an economic model of the individual's willingness to supply informal care which, while it incorporates altruistic motives, also recognizes the existence of an opportunity cost in the form of forgone earnings. Some preliminary empirical estimates are then presented using an existing, albeit imperfect, data source. Copyright 1992 by Scottish Economic Society.
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Volume (Year): 39 (1992) Issue (Month): 3 (August) Pages: 288-301 Download reference. The following formats are available: HTML
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