Strategic Play Among Family Members When Making Long-Term Care Decisions
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.
|Date of creation:||Jan 1999|
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