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Resource Transfers And Financial Satisfaction: A Preliminary Correlation Analysis

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  • Chong Shyue Chuan
  • Sia Bik Kai
  • Ng Kean Kok

    (Faculty of Accountancy and Management, Universiti Tunku Abdul Rahman)

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    Abstract

    This is a preliminary paper that attempts to set out the conceptual framework on intergenerational transfers and outline the relationship between financial satisfaction and wealth transfers decision among the older persons. It combines the concepts of resource transfers (which is made up of time transfers and financial transfers) and financial satisfaction. The paper maps the basic theories surrounding the concepts of resource transfers and financial satisfaction, and postulates that there may exist interdependencies between time transfers, financial transfers and financial satisfaction. A preliminary pilot test was also conducted to evaluate the hypotheses set out, as an initial ground work towards the study of the overall framework.

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    File URL: http://www.globalresearch.com.my/journal/business_v03n01/0011_Article_343_Final_PG146_156.pdf
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    Bibliographic Info

    Article provided by Global Research Agency in its journal Journal of Global Business and Economics.

    Volume (Year): 3 (2011)
    Issue (Month): 1 (July)
    Pages: 146-156

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    Handle: RePEc:grg:01biss:v:3:y:2011:i:1:p:146-156

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    Web page: http://www.globalresearch.com.my/journal.htm

    Related research

    Keywords: Resource Transfers; Time Transfers; Financial Transfers; Financial Satisfaction;

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    References

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    1. Esperanza Vera-Toscano & Victoria Ateca-Amestoy & Rafael Serrano-Del-Rosal, 2006. "Building Financial Satisfaction," Social Indicators Research, Springer, vol. 77(2), pages 211-243, 06.
    2. Silverstein, Merril & Bengtson, Vern L., 1994. "Does intergenerational social support influence the psychological well-being of older parents? The contingencies of declining health and widowhood," Social Science & Medicine, Elsevier, vol. 38(7), pages 943-957, April.
    3. Sun-Kang Koh & Maurice MacDonald, 2006. "Financial Reciprocity and Elder Care: Interdependent Resource Transfers," Journal of Family and Economic Issues, Springer, vol. 27(3), pages 420-436, September.
    4. Kenneth Couch & Mary Daly & Douglas Wolf, 1999. "Time? money? both? the allocation of resources to older Parents," Demography, Springer, vol. 36(2), pages 219-232, May.
    5. Plagnol, Anke C., 2011. "Financial satisfaction over the life course: The influence of assets and liabilities," Journal of Economic Psychology, Elsevier, vol. 32(1), pages 45-64, February.
    6. McGarry, K & Schoeni, R-F, 1996. "Measurement and the Redistribution of Resources Within the Family," Papers 96-11, RAND - Reprint Series.
    7. Celia Hayhoe & Michelle Stevenson, 2007. "Financial Attitudes and Inter vivos Resource Transfers from Older Parents to Adult Children," Journal of Family and Economic Issues, Springer, vol. 28(1), pages 123-135, March.
    8. McGarry, Kathleen, 1999. "Inter vivos transfers and intended bequests," Journal of Public Economics, Elsevier, vol. 73(3), pages 321-351, September.
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