Time? Money? Both? The allocation of resources to older parents

Kenneth A. Couch, Mary C. Daly, Douglas A. Wolf

Research output: Contribution to journalArticle

81 Scopus citations

Abstract

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 housework, 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.

Original languageEnglish (US)
Pages (from-to)219-232
Number of pages14
JournalDemography
Volume36
Issue number2
DOIs
StatePublished - May 1999

ASJC Scopus subject areas

  • Demography

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