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Time? Money? Both? The Allocation of Resources to Older Parents
Kenneth A. Couch, Mary C. Daly and Douglas A. Wolf
Vol. 36, No. 2 (May, 1999), pp. 219-232
Stable URL: http://www.jstor.org/stable/2648110
Page Count: 14
You can always find the topics here!Topics: Parents, Children, Housekeeping, Labor markets, Older adults, Mothers, Temporal logic, Men, Demography, Single status
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We provide estimates of a reduced-form model of the allocation of household time and money resources. We consider four demands for these resources: time spent working, time spent providing care for noncoresident elderly parents, time spent performing house-work, and monetary transfers to noncoresident elderly parents. We focus on the effects of wage rates and parental characteristics on the allocation decisions of adult children and their households concerning these four demands. We find that households with individuals earning high wages rely relatively more on cash transfers and relatively less on time transfers than do lower-wage households. We also find evidence consistent with an unmeasured tendency of some families to provide multiple sources of support.
Demography © 1999 Population Association of America