Opportunity Wages and Workforce Adjustments
Understanding the Cost of In-Home Elder Care
Bibliographic Data
| ID | 12441997 |
|---|---|
| Authors | Shelley I White‐mean (0000-0003-3212-8060, corresponding author), S White-Means, Deborah Chollet (Alpha-1 Foundation) |
| Year | 1996 |
| Volume | 51B |
| Issue | 2 |
| Pages | S82-S90 |
| Publication date | 1996-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journals of Gerontology Series B (JOURNAL) |
| Journal identifiers | ISSN: 1079-5014 • E-ISSN: 1758-5368 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/geronb/51b.2.s82 |
| PMID | 8785696 |
| OpenAlex | W2034402053 |
| Language | EN |
| Citations received | 3 |
| References cited | 1 |
Time spent providing informal care represents a real cost to caregivers and potentially affects their decisions about alternative activities, including paid work. This study offers estimates of opportunity wages incurred by informal caregivers and explores the impact of these costs on their decisions to reduce or abandon workforce participation. We consider caregivers at two points in time: 1982 and 1989. Our estimates of caregivers' imputed wages vary more widely and range higher than those reported elsewhere, varying from $0.78 to $27.18 per hour, compared to values in the literature ranging from $4.64 to $10.30. In both years, caregivers with higher imputed wages were significantly more likely to work, with this effect stronger in 1989 as all noneconomic factors became less important. However, accommodation (working fewer hours or foregoing job opportunities) decreased with higher imputed wages in 1982 only. In 1989, elders' frailty became a significant determinant of accommodation
Accommodation · Business · Demographic economics · Economic growth · Economics · Labour economics · Opportunity cost · Work (physics · Work hours · Workforce · Working hours · Intergenerational Family Dynamics and Caregiving · Migration, Aging, and Tourism Studies · Psychology · Retirement, Disability, and Employment
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,11 |
| Citation span | 1999 - 2007 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |