@article{18ed5848ab2c407aa422cf7683b1fa6d,
title = "Informal care and savings",
abstract = "Using panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, this paper examines to what extent informal care provided by couples and single individuals affects their household savings. This paper is one of the first attempts to examine the relationship between informal care and savings. There are both negative and positive effects of informal care on wealth accumulation, but we do not know which of these effects dominate. We estimate quantile regression models and find that informal care provision has limited negative impacts on changes in household wealth formation. There was no effect of caring on wealth formation for the lower quantile and the negative effects are limited to the mid to high quantile groups.",
keywords = "Care, informal care, quantile regression, savings",
author = "Kei Sakata and Colin McKenzie and Shinya Kajitani",
note = "Funding Information: This work was supported by the JSPS [20H01513]. The authors would like to thank an anonymous referee for constructive comments that have lead to a significant improvement in the paper. This paper uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA Project was initiated and is funded by the Australian Government Department of Social Services (DSS) and is managed by the Melbourne Institute: Applied Economic and Social Research, the University of Melbourne (the Melbourne Institute). The findings and views reported in this paper, however, are those of the authors and should not be attributed to DSS, the Melbourne Institute, or the Australian Institute of Family Studies. The second and third authors wish to acknowledge the financial support provided by the Japan Society for the Promotion of Science (JSPS) Grant in Aid for Scientific Research (B) No. 20H01513 for a project on “Intergenerational Interrelationships: An Analysis of Bequests, Long-term Care & Labour Supply and Consumption and Saving” (Project Leader: Colin McKenzie). Funding Information: The authors would like to thank an anonymous referee for constructive comments that have lead to a significant improvement in the paper. This paper uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA Project was initiated and is funded by the Australian Government Department of Social Services (DSS) and is managed by the Melbourne Institute: Applied Economic and Social Research, the University of Melbourne (the Melbourne Institute). The findings and views reported in this paper, however, are those of the authors and should not be attributed to DSS, the Melbourne Institute, or the Australian Institute of Family Studies. The second and third authors wish to acknowledge the financial support provided by the Japan Society for the Promotion of Science (JSPS) Grant in Aid for Scientific Research (B) No. 20H01513 for a project on “Intergenerational Interrelationships: An Analysis of Bequests, Long-term Care & Labour Supply and Consumption and Saving” (Project Leader: Colin McKenzie). Publisher Copyright: {\textcopyright} 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.",
year = "2022",
doi = "10.1080/00036846.2021.1980489",
language = "English",
volume = "54",
pages = "3762--3776",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Routledge",
number = "33",
}