The Interaction of Private Intergenerational Transfers Types
The rapid ageing of the population, particularly in the developed world, accentuates the importance of both the family and of private intergenerational transfers, whether this be due to the longer periods of coexistence resulting from longer life expectancy or the threat posed to the very sustainability of the welfare state. While the magnitude of intergenerational transfers is well documented, and the motives underlying them have received broad attention, we focus on a much less studied topic: the way the different forms of private transfers – time, money and space - interact with each other. In order to understand the complete effects of decisions, the costs and benefits to donors and recipients of transfers, it is crucial to take into account the full set of options for family transfers. We survey the literature to ascertain current knowledge on the extent to which a) the provision of one form of intergenerational family transfer is related to the provision of another form by the same person; b) the modes adopted by different generations are interrelated. We then put forward suggestions for future research and conceptual refinement.
|Date of creation:||Jan 2014|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL|
Web page: https://aquila1.iseg.ulisboa.pt/aquila/departamentos/EC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kotlikoff, Laurence J, 1988.
"Intergenerational Transfers and Savings,"
Journal of Economic Perspectives,
American Economic Association, vol. 2(2), pages 41-58, Spring.
- Luc Arrondel & André Masson, 2002.
"Altruism, Exchange or Indirect Reciprocity: What do the Data on Family Transfers Show?,"
DELTA Working Papers
2002-18, DELTA (Ecole normale supérieure).
- Arrondel, Luc & Masson, Andre, 2006. "Altruism, exchange or indirect reciprocity: what do the data on family transfers show?," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
- Luc Arrondel & André Masson, 2006. "Altruism, Exchange or Indirect Reciprocity: What Do the Data on Family Transfers Show?," Post-Print halshs-00754736, HAL.
- Arrondel, Luc & Masson, Andre, 2001.
" Family Transfers Involving Three Generations,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 103(3), pages 415-43, September.
- Eric Bonsang, 2007.
"How do middle-aged children allocate time and money transfers to their older parents in Europe?,"
Springer, vol. 34(2), pages 171-188, April.
- Eric Bonsang, 2006. "How do middle-aged children allocate time and money transfers to their older parents in Europe?," CREPP Working Papers 0602, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège.
- Barro, Robert J., 1974.
"Are Government Bonds Net Wealth?,"
3451399, Harvard University Department of Economics.
- W. G. Gale & J. K. Scholz, .
"Intergenerational transfers and the accumulation of wealth,"
Institute for Research on Poverty Discussion Papers
1019-93, University of Wisconsin Institute for Research on Poverty.
- William G. Gale & John Karl Scholz, 1994. "Intergenerational Transfers and the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 145-160, Fall.
- William G. Gale & John Karl Scholz, 1991. "Intergenerational Transfers and the Accumulation of Wealth," UCLA Economics Working Papers 624, UCLA Department of Economics.
- Mordechai E. Schwarz, 2006. "Intergenerational Transfers: An Integrative Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(1), pages 61-93, 01.
- Donald Cox & Oded Stark, 1996. "Intergenerational Transfers and the Demonstration Effect," Boston College Working Papers in Economics 329., Boston College Department of Economics.
- Kotlikoff, Laurence J & Summers, Lawrence H, 1981.
"The Role of Intergenerational Transfers in Aggregate Capital Accumulation,"
Journal of Political Economy,
University of Chicago Press, vol. 89(4), pages 706-32, August.
- Laurence J. Kotlikoff & Lawrence H. Summers, 1980. "The Role of Intergenerational Transfers in Aggregate Capital Accumulation," NBER Working Papers 0445, National Bureau of Economic Research, Inc.
- Cigno, Alessandro, 1993. "Intergenerational transfers without altruism : Family, market and state," European Journal of Political Economy, Elsevier, vol. 9(4), pages 505-518, November.
- 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.
- Emanuela Cardia & Serena Ng, 2003. "Intergenerational Time Transfers and Childcare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 431-454, April.
- 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.
- Chaonan Chen, 2006. "Does the Completeness of a Household-Based Convoy Matter in Intergenerational Support Exchanges?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 79(1), pages 117-142, October.
- Ermisch, John F, 1981. "An Economic Theory of Household Formation: Theory and Evidence from the General Household Survey," Scottish Journal of Political Economy, Scottish Economic Society, vol. 28(1), pages 1-19, February.
- Konrad, K.A. & Junemund, H. & Lommerud, K.E. & Robledo, J.R., 2000.
"Geography of the Family,"
Norway; Department of Economics, University of Bergen
2499, Department of Economics, University of Bergen.
- Konrad, Kai A. & Künemund, Harald & Lommerud, Kjell Erik & Robledo, Julio R, 1999. "Geography of the Family," CEPR Discussion Papers 2312, C.E.P.R. Discussion Papers.
- Konrad, Kai A. & Künemund, Harald & Lommerud, Kjell Erik & Robledo, Julio R., 2001.
"Geography of the family
[Die Geographie der Familie]," Discussion Papers, Research Unit: Market Processes and Governance FS IV 01-16, Social Science Research Center Berlin (WZB).
- Gary S. Becker, 1974.
"A Theory of Social Interactions,"
NBER Working Papers
0042, National Bureau of Economic Research, Inc.
- Cox, Donald & Rank, Mark R, 1992. "Inter-vivos Transfers and Intergenerational Exchange," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 305-14, May.
- Lisa Keister, 2003. "Sharing the wealth: The effect of siblings on adults’ wealth ownership," Demography, Springer;Population Association of America (PAA), vol. 40(3), pages 521-542, August.
- Frank Furstenberg & Saul Hoffman & Laura Shrestha, 1995. "The effect of divorce on intergenerational transfers: New evidence," Demography, Springer;Population Association of America (PAA), vol. 32(3), pages 319-333, August.
- Modigliani, Franco, 1988. "The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 15-40, Spring.
- Sloan, F.A. & Zhang, H.H., 1995.
"Upstream Intergenerational Transfers,"
GSIA Working Papers
1995-27, Carnegie Mellon University, Tepper School of Business.
- Julie Zissimopoulos, 2001. "Resource Transfers to the Elderly: Do Adult Children Substitute Financial Transfers for Time Transfers?," Working Papers 01-05, RAND Corporation.
- Sloan, Frank & Gabriel Picone & Thomas J. Hoerger, 1995.
"The Supply of Children's Time to Disabled Elderly Parents,"
95-46, Duke University, Department of Economics.
- Sloan, Frank A & Picone, Gabriel & Hoerger, Thomas J, 1997. "The Supply of Children's Time to Disabled Elderly Parents," Economic Inquiry, Western Economic Association International, vol. 35(2), pages 295-308, April.
- Ermisch, John, 2006. "Fairness in the family: implications for parent-adult child interactions," ISER Working Paper Series 2006-13, Institute for Social and Economic Research.
- Wolff, Francois-Charles, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
When requesting a correction, please mention this item's handle: RePEc:ise:isegwp:wp032014. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vitor Escaria)
If references are entirely missing, you can add them using this form.