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      name:  <unnamed>
       log:  /Users/seanfahle/Dropbox/BequestModel/REStud/REStudPublication/SSG_Code_REStud/Stata/Code/../Output/logs/CALIBRATION_TARGETS_A
> ND_TAB6.txt
  log type:  text
 opened on:  30 Jun 2022, 16:56:22

. 
. ****************************************
. ** Home ownership, ages 65+
. ****************************************
. 
. * parent households
. * eldest member ages 65+
. * respondent-level weights corrected for NH residents
. * pick one member per household to not double-count
. summ rownhm [aw=rwtall] if (ageEldest>=65 & ageEldest<.) & (hpickhh==1) & (hchild>0 & hchild<.)

    Variable |     Obs      Weight        Mean   Std. Dev.       Min        Max
-------------+-----------------------------------------------------------------
      rownhm |  52,469   175245609    .7516016   .4320882          0          1

. // -> 75.2% *** (TABLE 5: Homeownership rate (ages 65+))
. //   (0.7516016)
. 
. ****************************************
. ** Median wealth, ages 65-69
. ****************************************
. 
. * parent households
. * eldest member ages 65-69
. * respondent-level weights corrected for NH residents
. * pick one member per household to not double-count
. summ atotb10 [aw=rwtall] if (inrange(ageEldest,65,69)) & (hpickhh==1) & (hchild>0 & hchild<.), det

                           atotb10
-------------------------------------------------------------
      Percentiles      Smallest
 1%     -19007.1       -1165000
 5%            0        -843500
10%     1872.182      -835334.8       Obs              13,568
25%        54400      -560122.1       Sum of Wgt.    45365466

50%       206000                      Mean           558006.5
                        Largest       Std. Dev.       1534127
75%     552842.4       3.51e+07
90%      1228923       3.60e+07       Variance       2.35e+12
95%      1966285       3.99e+07       Skewness        14.0608
99%      5875909       4.73e+07       Kurtosis       309.4111

. // -> 206,000 *** (TABLE 5: Median household wealth (ages 65-69))
. 
. ****************************************
. ** Unconditional inter vivos transfers to children from healthy parents
. ****************************************
. 
. ** NOTE: model defines healthy as EITHER (not disabled) OR (coupled)
. **                       sick  as  BOTH  (disabed) AND (not coupled)
. 
. summ tcamt10 [aw=rwtall] if ///
>           (disablednew==0 | hcpl==1) ///     - healthy (coupled, or not disabled)
>         & (ageEldest>=65 & ageEldest<.) ///  - eldest member 65+
>         & (hpickhh==1) ///                   - pick one member per household
>         & (hchild>0 & hchild<.) ///          - parents
>         & (atotb10 <  1.684e6)   //          - trim top 5% of wealth (HRS 1998-2010)

    Variable |     Obs      Weight        Mean   Std. Dev.       Min        Max
-------------+-----------------------------------------------------------------
     tcamt10 |  45,638   152404943     3356.25   13972.01          0     561524

.         
. // -> 3,356 *** (TABLE 5: Mean (annual) gift: (healthy)-parent-to-child)
.         
. ****************************************
. ** Care arrangements, single, disabled, 65+
. ****************************************
. 
. * NOTE:
. 
. * Care arrangements of sick parents ages 65+
. * Sick = single + disabled
. 
. * IHC defined as >50% hours IHC and No NHC
. * FHC defined as >=50% hours FHC and No NHC
. * NHC defined as Any NHC
. 
. * To obtain MA uptake rate, we use the following information:
. * BK2018 report that 47.9% of disabled FHC individuals are MA-financed. 
. * Among nursing-home residents, BK 2018 report that 56.1\% are fully or mostly covered by MA.
. 
. preserve

. 
. keep if ///
>     (hcpl==0 & disablednew==1)   /// - single and disabled
>         & (ragey_b>=65 & ragey_b<.)    /// - age 65+
>         & (hchild>0 & hchild<.)        //  - parent
(258,740 observations deleted)

. 
. tab caretype50new, gen(ct)

        RECODE of |
        caretyped |      Freq.     Percent        Cum.
------------------+-----------------------------------
 1. ihc (ihc>50%) |      1,818       48.81       48.81
3. fhc (fhc>=50%) |        538       14.44       63.25
   4. any nh care |      1,369       36.75      100.00
------------------+-----------------------------------
            Total |      3,725      100.00

. descr ct?

              storage   display    value
variable name   type    format     label      variable label
-------------------------------------------------------------------------------------------------------------------------------------------
ct1             byte    %8.0g                 caretype50new==1. ihc (ihc>50%)
ct2             byte    %8.0g                 caretype50new==3. fhc (fhc>=50%)
ct3             byte    %8.0g                 caretype50new==4. any nh care

. 
. qui summ ct1 [aw=rwtall]

. local ihc = 100 * `=r(mean)'

. 
. qui summ ct2 [aw=rwtall]

. local fhc = `=r(mean)'

. 
. local fhc_pp = 100 * `fhc' * (1 - 0.479)

. local fhc_ma = 100 * `fhc' * (0.479)

. 
. qui summ ct3 [aw=rwtall]

. local nhc = `=r(mean)'

. 
. local nhc_pp = 100 * `nhc' * (1 - 0.561)

. local nhc_ma = 100 * `nhc' * (0.561)

. 
. local ma = `fhc_ma' + `nhc_ma'

. 
. * print results:
. 
. di "ihc    = " %4.2f `ihc' "%"
ihc    = 48.66%

. di "fhc-pp = " %4.2f `fhc_pp' "%"
fhc-pp = 8.40%

. di "nhc-pp = " %4.2f `nhc_pp' "%"
nhc-pp = 15.46%

. di "ma     = " %4.2f `ma' "%"
ma     = 27.48%

. di "(      = fhc-ma + nhc-ma = " %4.2f `fhc_ma' "% + " %4.2f `nhc_ma' "% )"
(      = fhc-ma + nhc-ma = 7.72% + 19.76% )

. 
. restore

. 
. /*
> 
> * Results:
> 
> ihc    = 48.66% *** (TABLE 5: Informal care)
> fhc-pp =  8.40%
> nhc-pp = 15.46%
> ma     = 27.48% *** (TABLE 5: Medicaid uptake rate)
> (      = fhc-ma + nhc-ma = 7.72% + 19.76% )
> 
> * From these results, we also construct Table 6:
> 
> // IHC   FHC-PP  NHC-PP    MA 
> // 48.7   8.4     15.5    27.5
> 
> */
. 
. ********************************************************************************
. 
. cap log close
