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Strategic Play Among Family Members When Making Long-Term Care Decisions

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  • Steven Stern

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  • Bridget Hiedemann

Abstract

This paper describes a strategic model of bargaining within a family to determine how to care for an elderly parent. We estimate the parameters of the model using data from the National Long-Term Care Survey. We find that the parameter estimates generally make sense and that the model is consistent with the data. The results have strong implications for using less structural empirical models for policy analysis.

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File URL: http://www.virginia.edu/economics/RePEc/vir/virpap/papers/virpap321.pdf
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Bibliographic Info

Paper provided by University of Virginia, Department of Economics in its series Virginia Economics Online Papers with number 321.

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Length: 41 pages
Date of creation: Jan 1999
Date of revision:
Handle: RePEc:vir:virpap:321

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Web page: http://www.virginia.edu/economics/home.html

Related research

Keywords: Long-Term Care; Family Bargaining; Structural Estimation;

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References

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  1. Laurence J. Kotlikoff & John Morris, 1988. "Why Don't the Elderly Live With Their Children? A New Look," NBER Working Papers 2734, National Bureau of Economic Research, Inc.
  2. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1985. "The Strategic Bequest Motive," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 93(6), pages 1045-76, December.
  3. Steven Stern & Maxim Engers, . "Long-Term Care and Family Bargaining," Virginia Economics Online Papers, University of Virginia, Department of Economics 320, University of Virginia, Department of Economics.
  4. Hoerger, Thomas J & Picone, Gabriel A & Sloan, Frank A, 1996. "Public Subsidies, Private Provision of Care and Living Arrangements of the Elderly," The Review of Economics and Statistics, MIT Press, vol. 78(3), pages 428-40, August.
  5. Steven Stern, 1994. "Two Dynamic Discrete Choice Estimation Problems and Simulation Method Solutions," Virginia Economics Online Papers, University of Virginia, Department of Economics 389, University of Virginia, Department of Economics.
  6. David M. Cutler & Louise M. Sheiner, 1993. "Policy Options for Long-Term Care," NBER Working Papers 4302, National Bureau of Economic Research, Inc.
  7. Steven Stern, 1995. "Estimating Family Long-Term Care Decisions in the Presence of Endogenous Child Characteristics," Journal of Human Resources, University of Wisconsin Press, University of Wisconsin Press, vol. 30(3), pages 551-580.
  8. Browning, M. & Bourguignon, F. & Chiappori, P.A. & Lechene, V., 1992. "Incomes and Outcomes: A structural Model of Intra-Household Allocation," DELTA Working Papers, DELTA (Ecole normale supérieure) 92-23, DELTA (Ecole normale supérieure).
  9. Douglas Wolf & Beth Soldo, 1988. "Household composition choices of older unmarried women," Demography, Springer, Springer, vol. 25(3), pages 387-403, August.
  10. Axel Borsch-Supan & Laurence J. Kotlikoff & John N. Morris, 1988. "The Dynamics of Living Arrangements of the Elderly," NBER Working Papers 2787, National Bureau of Economic Research, Inc.
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