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CSH is pleased to share Subhra K. Bhattacharya’s (Associate Researcher, CSH)  new research article “Time or Money? Induced Altruism and Provision of Old-Age care”, jointly written with Mausumi Das (Delhi School of Economics) and Priya Tomar (UPES, Dehradun) has been published in the journal Economic Modelling. 

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Abstract: Parental investments in children’s education and bequest are well known to be an important determinant of household’s long run wealth and income. While doing so, can the altruistic parents, particularly the resource constraint ones, ensure that they receive the essential old-age care in the form of monetary support as well as physical caretaking from their adult children? Indeed, there exists a wide variation in the nature and form of old-age care provision as filial responsibilities across nations. In this research, we explore the interrelationship between parental investment in child education and bequest, and adult child’s provision of old-age care through time and/or monetary resources in an environment where child’s preferences are partly endogenous and parents have the greatest influence in shaping it up. The findings of our study explain the observed pattern of old-age care across countries with various productive characteristics and factor market returns.

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The article is available at: https://doi.org/10.1016/j.econmod.2025.107081.

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Subhra BHATTACHARYA