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The Nature of Two-Directional Intergenerational Transfers of Money and Time: An Empirical Analysis

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  • Yannis M. Ioannides

    ()

  • Kambon Kan

Abstract

This paper studies the nature and pattern of inter vivos two-sided intergenerational transfers of money and time between parents and adult children. We use an analytical model that incorporates altruistic and exchange behavior to describe the interaction between parents and their children. Using the 1988 cross-section of the PSID, we examine empirically the existence of altruism and exchange between two successive generations. The empirical findings support the notion that intergenerational transfers are motivated by altruism. They do not support the presence of an exchange motive.

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Bibliographic Info

Paper provided by Department of Economics, Tufts University in its series Discussion Papers Series, Department of Economics, Tufts University with number 9917.

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Date of creation: 1999
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Handle: RePEc:tuf:tuftec:9917

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Cited by:
  1. Olena Nizalova, 2010. "The Wage Elasticity of Informal Care Supply: Evidence from the Health and Retirement Study," Discussion Papers 32, Kyiv School of Economics, revised Nov 2011.
  2. Cardia, Emanuela & Michel, Philippe, 2004. "Altruism, intergenerational transfers of time and bequests," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1681-1701, June.
  3. Joseph G. Altonji & Fumio Hayashi & Laurence Kotlikoff, 1995. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," NBER Working Papers 5378, National Bureau of Economic Research, Inc.
  4. Donald Cox & Bruce E. Hansen & Emmanuel Jimenez, 1997. "How Responsive are Private Transfers to Income? Evidence from a Laissez-Faire Economy," Boston College Working Papers in Economics 341., Boston College Department of Economics, revised 01 Dec 1999.
  5. Joseph G. Altonji & Fumio Hayashi & Laurence Kotlikoff, 1996. "The Effects of Income and Wealth on Time and Money Transfers between Parents and Children," NBER Working Papers 5522, National Bureau of Economic Research, Inc.

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