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Parental Wealth and Adult Children's Welfare in Marriage

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  • Jere R. Behrman

    (University of Pennsylvania)

  • Mark R. Rosenzweig

    (Yale University)

Abstract

Many studies find that parental resources importantly determine children's human capital, schooling returns, and earnings. The collective household approach suggests that, in addition, parental resources of marital partners may importantly affect resource distributions within marriage. This paper presents empirical results consistent with this framework. They suggest that parental wealth continues to play roles in augmenting welfare of children into adulthood beyond provision of human capital in early life-cycle stages or direct financial aid during adulthood, and that actual transfers from parents to adult children do not fully measure influences of parental wealth on behaviors and welfare of adult children. Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Suggested Citation

  • Jere R. Behrman & Mark R. Rosenzweig, 2006. "Parental Wealth and Adult Children's Welfare in Marriage," The Review of Economics and Statistics, MIT Press, vol. 88(3), pages 496-509, August.
  • Handle: RePEc:tpr:restat:v:88:y:2006:i:3:p:496-509
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    Cited by:

    1. Altonji Joseph G & Villanueva Ernesto, 2007. "The Marginal Propensity to Spend on Adult Children," The B.E. Journal of Economic Analysis & Policy, De Gruyter, pages 1-52.
    2. Marta Melguizo Garde, 2007. "La motivación de las transmisiones lucrativas entre generaciones de una familia: modelos teóricos y evidencia empírica," Hacienda Pública Española, IEF, vol. 181(2), pages 81-118, June.
    3. Majlesi, Kaveh, 2016. "Labor market opportunities and women's decision making power within households," Journal of Development Economics, Elsevier, pages 34-47.
    4. Majlesi, Kaveh, 2016. "Labor market opportunities and women's decision making power within households," Journal of Development Economics, Elsevier, pages 34-47.
    5. Quy-Toan Do & Sriya Iyer & Shareen Joshi, 2013. "The Economics of Consanguineous Marriages," The Review of Economics and Statistics, MIT Press, pages 904-918.
    6. Angelucci, Manuela & De Giorgi, Giacomo & Rangel, Marcos A. & Rasul, Imran, 2010. "Family networks and school enrolment: Evidence from a randomized social experiment," Journal of Public Economics, Elsevier, pages 197-221.
    7. Angelucci Manuela & De Giorgi Giacomo & Rangel Marcos & Rasul Imran, 2009. "Village Economies and the Structure of Extended Family Networks," The B.E. Journal of Economic Analysis & Policy, De Gruyter, pages 1-46.
    8. Orazio P. Attanasio & Valérie Lechene, 2014. "Efficient Responses to Targeted Cash Transfers," Journal of Political Economy, University of Chicago Press, vol. 122(1), pages 178-222.
    9. Angelucci, Manuela & De Giorgi, Giacomo & Rangel, Marcos A. & Rasul, Imran, 2009. "Extended Family Networks in Rural Mexico: A Descriptive Analysis," IZA Discussion Papers 4498, Institute for the Study of Labor (IZA).
    10. Wen-Chun Chang, 2013. "Family Ties, Living Arrangement, and Marital Satisfaction," Journal of Happiness Studies, Springer, vol. 14(1), pages 215-233, March.
    11. Angelucci, Manuela & De Giorgi, Giacomo & Rangel, Marcos A. & Rasul, Imran, 2010. "Family networks and school enrolment: Evidence from a randomized social experiment," Journal of Public Economics, Elsevier, pages 197-221.
    12. Quy-Toan Do & Sriya Iyer & Shareen Joshi, 2013. "The Economics of Consanguineous Marriages," The Review of Economics and Statistics, MIT Press, pages 904-918.
    13. Ham, John C. & Song, Heonjae, 2014. "The determinants of bargaining power in an empirical model of transfers between adult children, parents, and in-laws for South Korea," Journal of Development Economics, Elsevier, pages 73-86.

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