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 …. Our analysis shows that, in the case of Japan, if parents are eligible for public LTCI benefits, their children will be … receiving a bequest from them. This result implies that bequests are selfishly or strategically motivated (i.e., that parents …