In this paper, we address the dynamics associated with living-arrangement decisions of sick, elderly individuals. Using data from the Panel Study of Income Dynamics and its Parental Health Supplement, we construct the complete living-arrangement histories of elderly individuals in need of care. We use a simultaneous random-effects competing-risks model to analyze the impact of demographic characteristics, health and wealth on the living-arrangement decisions of sick elderly individuals while taking into account state and duration dependence as well as unobserved heterogeneity. We find that state and duration dependence serve as important predictors for the living arrangement choices of sick elderly individuals.
Dans cet article, nous étudions la dynamique des choix d'habitation des personnes âgées en manque d'autonomie. En utilisant les données provenant du Panel Study of Income Dyamics et de son Parental Health Supplement, nous sommes en mesure de reconstruire l'historique complet des choix d'habitation de ces individus. La méthodologie utilisée pour tenir compte de l'impact des caractéristiques démographiques, de l'état de la santé et de la situation financière des personnes âgées sur leur choix d'habitation consiste en une série de modèles de risques concurrents à effets aléatoires simultanés. Cette méthodologie permet aussi de tenir compte de la dépendance à la durée et à l'état ainsi que de l'hétérogénéité non-observée. Nous trouvons que ces derniers phénomènes sont très importants pour prédire le mode d'habitation choisi par ce segment de la population.
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Find related papers by JEL classification: J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis I10 - Health, Education, and Welfare - - Health - - - General
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Maxim Engers & Steven Stern, 2002.
"Long-Term Care and Family Bargaining,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(1), pages 73-114, February.
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Axel Borsch-Supan & Jagadeesh Gokhale & Laurence J. Kotlikoff & John N. Morris, 1992.
"The Provision of Time to the Elderly by Their Children,"
NBER Chapters,
in: Topics in the Economics of Aging, pages 109-134
National Bureau of Economic Research, Inc.
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