The presence of family caregivers in their homes has mitigated the need for the elderly to choose between reducing health services (and thus health) to levels that they can afford or going into serious debt to maintain health. However, caregivers must balance their role of health producer in the home with their role of income producer in the labor market. This study used data from the National Long Term Care and National Survey of Informal Caregivers (1982) to link and examine two decisions of employed informal caregivers (the allocation of time to care production and to the labor market) among German-, Irish-, English- and African-Americans. The results revealed that among ethnic caregivers, production factors, access to financial resources, and personal characteristics of caregivers were significant determinants of decisions concerning caregiving and labor hours. It was found that the lower the health status of the elderly care receiver and/or the worse the health of the caregiver, the more likely the caregiver was to increase caregiving hours and reduce labor market hours. White ethnic groups were found to exhibit heterogeneous patterns of caregiving. (Author/TE)