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Resource Transfers And Financial Satisfaction: A Preliminary Correlation Analysis

Author

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

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

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.

Suggested Citation

  • Chong Shyue Chuan & Sia Bik Kai & Ng Kean Kok, 2011. "Resource Transfers And Financial Satisfaction: A Preliminary Correlation Analysis," Journal of Global Business and Economics, Global Research Agency, vol. 3(1), pages 146-156, July.
    • Handle: RePEc:grg:01biss:v:3:y:2011:i:1:p:146-156
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    References listed on IDEAS

    as
    1. 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.
    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. Kathleen McGarry & Robert F. Schoeni, 1995. "Transfer Behavior in the Health and Retirement Study: Measurement and the Redistribution of Resources within the Family," Journal of Human Resources, University of Wisconsin Press, vol. 30, pages 184-226.
    4. McGarry, Kathleen, 1999. "Inter vivos transfers and intended bequests," Journal of Public Economics, Elsevier, vol. 73(3), pages 321-351, September.
    5. 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.
    6. Jariah Masud & Sharifah Haron & Lucy Gikonyo, 2008. "Gender Differences in Income Sources of the Elderly in Peninsular Malaysia," Journal of Family and Economic Issues, Springer, vol. 29(4), pages 623-633, December.
    7. Litwin, Howard, 0. "Social network type and health status in a national sample of elderly Israelis," Social Science & Medicine, Elsevier, vol. 46(4-5), pages 599-609, February.
    8. McGarry, K & Schoeni, R-F, 1996. "Measurement and the Redistribution of Resources Within the Family," Papers 96-11, RAND - Reprint Series.
    9. Ed Diener & Robert Biswas-Diener, 2002. "Will Money Increase Subjective Well-Being?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 57(2), pages 119-169, February.
    10. 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.
    11. Esperanza Vera-Toscano & Victoria Ateca-Amestoy & Rafael Serrano-Del-Rosal, 2006. "Building Financial Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 77(2), pages 211-243, June.
    12. Kenneth Couch & Mary Daly & Douglas Wolf, 1999. "Time? money? both? the allocation of resources to older Parents," Demography, Springer;Population Association of America (PAA), vol. 36(2), pages 219-232, May.
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    Cited by:

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    More about this item

    Keywords

    Resource Transfers; Time Transfers; Financial Transfers; Financial Satisfaction;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

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