Horioka, Charles; Gahramanov, Emin; Tang, Xueli - 2024
insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan … receiving a bequest from them. This result implies that bequests are selfishly or strategically motivated (i.e., that parents … leave bequests to their children in order to elicit care from them) and that the introduction of a public LTCI system will …