Scion's Care Meliorates Elderly Health: A Study of Differential in the Care and Support and its Impact on Wellbeing of Elderly in India.

According to Intergenerational Flow of Wealth Theory of J.C. Cladwell (1976), the decision of having high fertility in the developing countries is very rational from the point of view of the elderly. They are believed to truly act as a long-lasting support system to their parents when they get old in every aspect of life, but the scenario is changing rapidly. With rapid modernization of our society children are no longer the fixeddeposit of support of elderly even in a country like India. Isolation and helplessness have become the part and parcel of life of elderly even in modern India which adversely impacts their wellbeing. This paper is an effort to quantify the level of care and support provided by the children to the elderly of the country and how this quality of care finally affects their wellbeing through their subjective health. This paper has used the data of the recent large scale project of ageing conducted by ISEC, Bangalore and IEG, Delhi in sponsorship of UNFPA, India, named "Building Knowledge Base on Aging in India". The survey is conducted to develop a knowledge base in regard to the demographic, social and economic conditions, health needs and living arrangements and entitlements. Multinomial logit estimation is used to show the impact of socio-economic factors on the different care and support aspect and also on the wellbeing of the elderly. Marginal effect shows that quality of care and support to elderly is fast decreasing. With the expected bulge of elderly population in the coming decades, government must take some steps in advance to combat with this situation. In the light of empirical results, some policy prescription has been suggested for benefit of the elderly. [ABSTRACT FROM AUTHOR]