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.
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Paper provided by HEC Montréal, Institut d'économie appliquée in its series Cahiers de recherche with number
03-07.
Length: 29 pages Date of creation: Dec 2003 Date of revision: Handle: RePEc:iea:carech:0307
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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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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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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