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Intergenerational Transfer Behaviour in Europe

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Author Info

  • François-Charles Wolff

    (Université de Nantes)

  • Claudine Attias-Donfut

    (CNAV)

Abstract

Transfers between generations in the form of both time and money are very significant in all European countries. Where money is concerned, the interviewees are seven times more likely to say that they have given money than received it, while there is barely any difference between the levels of time given and time received. The vast majority of financial transfers are given to children and, to a lesser extent, grandchildren, while the time assistance is mostly given by children. There are significant differences at European level, overall transfers being lower in southern countries. The financial aid given is above all linked to routine expenditure and family events. Whether received or given, the transfers are strongly linked to family structure, in terms of education and income. While it is true that parents come to their childrens assistance when the need arises, the Share survey suggests that intergenerational exchange mechanisms exist.

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Bibliographic Info

Article provided by Institut National de la Statistique et des Etudes Economiques in its journal Economie et Statistique.

Volume (Year): 403-404 (2007)
Issue (Month): (December)
Pages: 117-141

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Handle: RePEc:crs:ecosta:es403-404g

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Related research

Keywords: Altruism; Exchange; Extended Family; Intergenerational Transfers;

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References

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  1. Cox, Donald, 1987. "Motives for Private Income Transfers," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 508-46, June.
  2. Wolff, Francois-Charles, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
  3. Dustmann, Christian & Micklewright, John, 2001. "Intra-Household Transfers and the Part-Time Work of Children," CEPR Discussion Papers 2796, C.E.P.R. Discussion Papers.
  4. Joulfaian, D. & Wilheim, M.O., 1992. "Inheritance and Labor Supply," Papers 6-92-2, Pennsylvania State - Department of Economics.
  5. Cox, Donald, 1990. "Intergenerational Transfers and Liquidity Constraints," The Quarterly Journal of Economics, MIT Press, vol. 105(1), pages 187-217, February.
  6. François-Charles Wolff, 2000. "Transferts monétaires "inter vivos" et cycle de vie," Revue économique, Presses de Sciences-Po, vol. 0(6), pages 1419-1452.
  7. Cox, Donald & Rank, Mark R, 1992. "Inter-vivos Transfers and Intergenerational Exchange," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 305-14, May.
  8. Schoeni, Robert F, 1997. "Private Interhousehold Transfers of Money and Time: New Empirical Evidence," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(4), pages 423-48, December.
  9. Konrad, Kai A & Künemund, Harald & Lommerud, Kjell Erik & Robledo, Julio R, 1999. "Geography of the Family," CEPR Discussion Papers 2312, C.E.P.R. Discussion Papers.
  10. Chamberlain, Gary, 1980. "Analysis of Covariance with Qualitative Data," Review of Economic Studies, Wiley Blackwell, vol. 47(1), pages 225-38, January.
  11. Yun, Myeong-Su, 2003. "Decomposing Differences in the First Moment," IZA Discussion Papers 877, Institute for the Study of Labor (IZA).
  12. François-Charles Wolff, 2006. "Parental transfers and the labor supply of children," Journal of Population Economics, Springer, vol. 19(4), pages 853-877, October.
  13. Oaxaca, Ronald L. & Ransom, Michael R., 1994. "On discrimination and the decomposition of wage differentials," Journal of Econometrics, Elsevier, vol. 61(1), pages 5-21, March.
  14. Laura Crespo, 2006. "Caring For Parents And Employment Status Of European Mid-Life Women," Working Papers wp2006_0615, CEMFI.
  15. Susan L. Ettner, 1996. "The Opportunity Costs of Elder Care," Journal of Human Resources, University of Wisconsin Press, vol. 31(1), pages 189-205.
  16. Lionel Prouteau & François-Charles Wolff, 2003. "Les services informels entre ménages : une dimension méconnue du bénévolat," Économie et Statistique, Programme National Persée, vol. 368(1), pages 3-31.
  17. Chami, Ralph, 1998. "Private Income Transfers and Market Incentives," Economica, London School of Economics and Political Science, vol. 65(260), pages 557-80, November.
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