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Centre for Policy on Ageing | |
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Transfer behavior within the family
— results from the asset and health dynamics study | | Author(s) | Kathleen McGarry, Robert F Schoeni |
| Journal title | The Journals of Gerontology Series B: Psychological sciences and social sciences, vol 52B, special issue, May 1997 |
| Pages | pp 82-92 |
| Keywords | Assets [elderly] ; Age groups [elderly] ; Children [offspring] ; Family care ; Social surveys ; United States of America. |
| Annotation | When people fall on hard times, can they rely on their family for financial support? In view of proposed reductions in public assistance programmes in the US, it is important to understand the mechanisms through which families provide support for their members. In this article, the authors provide evidence that intra-family transfers are compensatory, directed disproportionately to less well-off members. In a given year, adult children in the lowest income category are 50% more likely to receive a financial transfer from their parents, and on average they receive over $300 more than their siblings who are in the highest income category. The dataset used in the new Asset and Health Dynamics (AHEAD) study contains information on all children in the family. It is therefore not possible to estimate models which control for unobserved differences across families. Results are robust to these specifications. In addition, no evidence is found that parents provide financial assistance to their children in exchange for caregiving. (RH). |
| Accession Number | CPA-971125265 A |
| Classmark | JD: BB: SS: P6:SJ: 3F: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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