Centre for Policy on Ageing



Financial assistance from middle-aged couples to parents and children — racial-ethnic differences
Author(s)	Rebeca Wong, Chiara Capoferro, Beth J Soldo
Journal title	The Journals of Gerontology Series B: Psychological Sciences and Social Sciences, vol 54B, no 3, May 1999
Pages	pp S145-153
Keywords	Middle aged ; Gifts [elderly] ; Assets [elderly] ; Parents ; Children [offspring] ; Ethnic groups ; Social surveys ; United States of America.
Annotation	Using data from the US Health and Retirement Survey (HRS) 1992, the authors examine how middle-aged couples allocate household financial resources among competing claims from their ageing parents and offspring, and emphasising racial or ethnic differences in these behaviours. Transfer patterns are sensitive to parental health and wealth, to children being young or in school, as well as the donors' health and wealth. Controlling for these and other factors, including family size and structure, blacks and whites are the most likely, and Hispanics the least likely, to financially help their parents compared to assisting offspring. Black couples are the most likely to sacrifice their own consumption to assist parents financially. (RH).
Accession Number	CPA-990826231 A
Classmark	SE: JFG: JD: SR: SS: TK: 3F: 7T
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...from the Ageinfo database published by Centre for Policy on Ageing.