Housing, Care and Inheritance draws on the author’s long-standing research into housing issues surrounding the ageing society, a phenomenon which is now a concern in many mature economies. If an adult child provides care for their elderly parent, should that person be rewarded? If so, should they inherit their parent’s house or a larger share of the assets? The ‘generational contract’ is often influenced by cultural norms, family traditions, social policy and housing market, so it is negotiated differently in different societies and at different times. Such generational contract is however breaking down as a result of socio-economic and demographic changes.
Drawn from the two-part study funded by the UK Economic & Social Research Council, Misa Izuhara explores the myth and the changing patterns of the particular exchange of long-term care and housing assets between older parents and their adult children in Britain and Japan. Highly international and comparative in perspectives, this study addresses important sociological as well as policy questions regarding intergenerational relations involving housing wealth, long-term care, and inheritance.
"This is an excellent book for anyone with an interest in issues around housing, care and inheritance. It provides a comprehensive and up-to-date review of existing research alongside new empirical insights… Like any good book, it left me wondering about further questions." Karen Rowlingson, Institute of Applied Social Studies, University of Birmingham, UK, The Journal of Ageing & Society, Volume 30 - 2010
1. Introduction 2. Intergenerational Reciprocity: Cultural Practice 3. Housing Assets and Intergenerational Transfer in a Global Context 4. Long Term Care and the Shifting the State-Family Boundaries 5. Accumulation of Housing Wealth and Family Relations 6. Plans for Disposal of Assets 7. Rethinking the ‘Generational Contact’ Between Housing, Care and Inheritance 8. Conclusion