Family Events and Timing of Intergenerational Transfers
This research investigates how family events in adult children's lives influence the timing of their parents' financial transfers. We draw on retrospective data collected by the German Socio-Economic Panel Study (SOEP) and use event history models to study the effects of marriage, divorce, and childbirth on receiving large gifts from parents. We find increased chances of receiving gifts of houses or land at marriage and in the following years, at childbirth, but not at divorce. Large gifts of money are received in the year of marriage and also in the year of divorce. Our findings, on the onehand, indicate that parental gifts are triggered by adult children's economic need. On the other hand, they point to a plurality of givers' transfer motives and highlight the meanings of different types of wealth for parents, adult children, andtheir relationships.
|Date of creation:||2010|
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Web page: http://www.diw.de/en/soep
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- Donald Cox & Oded Stark, 2007.
"On the Demand for Grandchildren: Tied Transfers and the Demonstration Effect,"
in: Handbook on the Economics of Happiness, chapter 18
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- Cox, Donald & Stark, Oded, 2004. "On The Demand For Grandchildren: Tied Transfers And The Demonstration Effect," Discussion Papers 18751, University of Bonn, Center for Development Research (ZEF).
- Cox, Donald & Stark, Oded, 2004. "On the Demand for Grandchildren: Tied Transfers and the Demonstration Effect," Economics Series 158, Institute for Advanced Studies.
- Wilhelm, Mark O, 1996.
"Bequest Behavior and the Effect of Heirs' Earnings: Testing the Altruistic Model of Bequests,"
American Economic Review,
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- Wilhelm, M.O., 1990. "Bequest Behavior And The Effect Of Heirs' Earnings: Testing The Altruistic Model Of Bequests," Papers 9-90-12, Pennsylvania State - Department of Economics.
- Gert G. Wagner & Joachim R. Frick & Jürgen Schupp, 2007.
"The German Socio-Economic Panel Study (SOEP): Scope, Evolution and Enhancements,"
SOEPpapers on Multidisciplinary Panel Data Research
1, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Gert G. Wagner & Joachim R. Frick & Jürgen Schupp, 2007. "The German Socio-Economic Panel Study (SOEP) – Scope, Evolution and Enhancements," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 127(1), pages 139-169.
- McGarry, K. & Schoeni, R.F., 1995.
"Transfer Behavior With the Family: Results from the Asset and Health Dynamics Survey,"
95-09, RAND - Labor and Population Program.
- Kathleen McGarry & Robert F. Schoeni, 1995. "Transfer Behavior within the Family: Results from the Asset and Health Dynamics Survey," NBER Working Papers 5099, National Bureau of Economic Research, Inc.
- Cox, Donald, 1987. "Motives for Private Income Transfers," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 508-46, June.
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