@TechReport{iza:izadps:dp11774,
            	author={Costa-Font, Joan and Jimenez-Martin, Sergi and Vilaplana-Prieto, Cristina},
            	title={Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers},
            	year={2018},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={11774},
            	url={https://www.iza.org/publications/dp11774},
	abstract={We study the effect of demand-side subsidies to old age care recipients on both caregiving and intergenerational transfer decisions. We exploit two quasi-natural experiments referring to the inception of a universal and unconditional caregiving allowance in 2007 and its subsequent reduction in 2012. We find that the introduction of a caregiving allowance of a magnitude up to 530€ in 2011 increased the probability of informal caregiving by 32% and the intensity of care in 13.5 days/year. Consistently, we find that downstream (upstream) intergenerational transfers increased (decreased) in a magnitude of 29% (15%). The effects concentrate among middle and lower income households and were attenuated by the reduction of the subsidy.},
	keywords={unconditional transfer;family transfers;exchange motivation;caregiving allowances;long-term care;difference-in-differences;intergenerational transfers;caregiving;demand-side cash subsidies},
            }