This study analyzes the effect of informal caregiving on older adults’ labor supply and economic resources. Although we find no evidence that caregiving affects the wages or hours of workers, we do find that it reduces the likelihood of working. Men who provide personal care to parents or intensive care to spouses are less likely to work, as are women who provide intensive care to parents. As a result, over time, caregivers have a significantly higher probability of falling into poverty and also experience a smaller percentage growth in assets—particularly those who care for their spouses.

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