Financial Transfers from Living Parents to Adult Children
Who Is Helped and Why
Bibliographic Data
| ID | 2779367 |
|---|---|
| Authors | Brent Berry (0000-0003-1455-4517, University of Toronto, corresponding author) |
| Year | 2008 |
| Volume | 67 |
| Issue | 2 |
| Pages | 207-239 |
| Publication date | 2008-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.2008.00568.x |
| OpenAlex | W1992847819 |
| Language | EN |
| Citations received | 35 |
| References cited | 31 |
To what extent can young adult children rely on their parents for financial support? This question will take on added importance if the commitments of the Social Security system put greater strain on the children of retirees. Despite the critical role that parents have in supporting their children, why they help some and not others remains unclear. Findings using two waves of data from the Health and Retirement Study that control for the needs of children and the resources of parents suggest that parents give more inter vivos financial assistance to their disadvantaged children rather than focusing on children most able to give financial help in return. Other measures of child well-being besides income, including home ownership, education, parental status, and marital status, also suggest that parents help needier children more. Children who live nearby also receive more, a finding consistent with exchange motives or simply the ability of these children to more stridently demand support. Neither altruism nor exchange theories explain why stepchildren receive substantially less support than naturally born or adopted children. The diversity of effects suggests that giving is based on heterogeneous motives-parents may temper their altruism for children by the degree to which they feel responsible and by the stridency of some children in seeking support. Findings are robust upon allowing for unobserved differences across families by estimating fixed effect models
Altruism (biology) · Demographic economics · Developmental psychology · Disadvantaged · Diversity (politics) · Economic growth · Economics · Marital status · Sociology · Stepfamily · Demography · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Intergenerational Family Dynamics and Caregiving · Psychology · Social Psychology
Reciprocity in Intergenerational Transfer of Housing Assets
Young People's Housing Opportunity in Post-reform China
Unequal Time Transfers
Life Course Status and Exchanges of Support Between Young Adults and Parents
Staying Apart for the Kids? Older American Daters and the Preservation of Family Wealth
Generational Jeopardy? Parents' Marital Transitions and the Provision of Financial Transfers to Adult Children
Adult Child Financial Disadvantage and the Cognitive Trajectories Among Older Parents in the United States
Intergenerational Transfer and Reporting Bias
De invloed van Europese verzorgingsstaten op financiële overdrachten binnen families - Een benadering op microniveau
Associations Between Financial Transfer from Grandparents and Family Expenditures for Children’s Precollege Education in Japan
Inter-generational ties, financial transfers and home-ownership support
Having a child within a cohabiting union in Europe and North America
Understanding the Impact of Economic Crisis on Inequality, Household Structure, and Family Support in Spain from a Comparative Perspective
The long arm of parental advantage
Is giving or receiving psychologically beneficial to older mothers in South Korea? Importance of marital status
Sharing Lives
The youth emancipation in Spain
Parent-Child Relationships at the Transition to Adulthood
Black–White disparities in nuclear family trajectories and parents' postsecondary transfers to adult children
Parental Financial Transfers
Why Divorced Grandfathers Provide Grandchild Care Less Often Than Married Grandfathers
Homeownership out of reach? Intergenerational transfers and homeownership reproduction in middle class families in Rome, Italy
The role of family reciprocity within the welfare state in intergenerational transfers for home ownership
The role of European welfare states in intergenerational money transfers
Cohort Differences in Parental Financial Help to Adult Children
Honey, I shrunk the kids’ benefits—revisiting intergenerational conflict in OECD countries
Grandparents' Support to Young Families
Intergenerational transfers and European families
Family Complexity into Adulthood
Financial Transfers from Living Parents to Adult Children
Child-Parent Relationships and Older Adults' Health
Parental Money Help to Children and Stepchildren
Income Inequality
My Favorite One Is the One Who Is There Right Now
Transitions in Giving and Receiving Intergenerational Financial Support in Middle and Old Age
The connection between public transfers and private interfamily transfers
Family Structure and Intergenerational Exchanges
Transfer Behavior in the Health and Retirement Study
Sample Selection Bias as a Specification Error
Inter-Vivos Transfers and Intergenerational Exchange
Pay-as-you-go financed public pensions in a model of endogenous growth and fertility
Motives for intergenerational transfers
A Case Study on the Use of Multiple Imputation
A Fresh Look at the Rotten Kid Theorem--and Other Household Mysteries
Are Government Bonds Net Wealth
A Theory of Social Interactions
The Demand for Money
Parental Altruism and Inter Vivos Transfers
An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility
Motives for Private Income Transfers
The Family, Inheritance, and the Intergenerational Transmission of Inequality
The Role of Intergenerational Transfers in Aggregate Capital Accumulation
Modelling the Accumulation and Distribution of Wealth
Intergenerational Transfers and the Accumulation of Wealth
Bargaining and Distribution in Marriage
Financial Transfers from Living Parents to Adult Children
Who's Counting? Quasi-Facts and Stepfamilies in Reports of Number of Siblings
Aging Parents and Adult Children
Parental Caregiving by Adult Children
Of Human Bonding
Support from Parents over the Life Course
The Social Psychology of the Gift
| Unique citing works | 35 |
|---|---|
| Citations per year | 1,94 |
| Citation span | 2008 - 2026 (19) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 30 |