Publication:
The heterogeneous effects of the Great Recession on informal care to the elderly

Simple item page
dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorCarro, Jesús M.
dc.contributor.authorPronkina, Elizaveta
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economíaes
dc.contributor.funderComunidad de Madrides
dc.contributor.funderAgencia Estatal de Investigación (España)es
dc.date.accessioned2021-10-13T17:34:08Z
dc.date.available2021-10-13T17:34:08Z
dc.date.issued2021-10-13
dc.description.abstractThis paper studies the role of unobserved factors to measure the impact of the economic downturn on informal care availability to the elderly in Europe. We use the Survey of Health, Ageing and Retirement in Europe (SHARE), which allows controlling for socio-demographic variables. Our results show that the impact of the Great Recession on care receipt depends not only on observed, but also on unobserved characteristics. For 21 percent of the sample, the effect is three to four times larger than the average effect for the entire sample. For 57 percent of the sample, there is no effect of the economic crisis, and this is due to unobservable factors. In our estimation process, we are able to characterize how this unobserved heterogeneity correlates with the observable variables. Moreover, we show that if the unobserved heterogeneity in the effect of the crisis is ignored, then we are not able to capture that there is no effect for more than half of the individuals, even if we allow for unobserved heterogeneity in the intercept of the model and for the heterogeneous effect of the crisis based on observables.en
dc.description.sponsorshipSupport from Agencia Estatal de Investigación del Gobierno de España, grant RTI2018-095231-BI00, and Comunidad de Madrid (Spain), grant EPUC3M11 (V PRICIT), are gratefully acknowledged.en
dc.identifier.issn2340-5031es
dc.identifier.urihttps://hdl.handle.net/10016/33444
dc.identifier.uxxiDT/0000001930
dc.language.isoenges
dc.relation.ispartofseriesWorking paper. Economicsen
dc.relation.ispartofseries21-10
dc.relation.projectIDComunidad de Madrid. EPUC3M11es
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.jelI18es
dc.subject.jelJ14es
dc.subject.jelC2es
dc.subject.otherInformal Careen
dc.subject.otherGreat Recessionen
dc.subject.otherUnobserved Heterogeneityen
dc.titleThe heterogeneous effects of the Great Recession on informal care to the elderlyen
dc.typeworking paper*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
we2110.pdf
Size:
267.68 KB
Format:
Adobe Portable Document Format
Download
Collections
DE - Working Papers. Economics. WE