Upstream intergenerational transfers

Journal Article (Journal Article)

This study analyzes upstream intergenerational transfers from middle-aged children to their elderly parents. We formulate a model in which the middle-aged child transfers both money and time to an elderly parent based on an altruistic motive. We examine substitution between financial transfers and time transfers using data from the Health and Retirement Study (HRS). Empirical results support the assumption that upstream transfers are motivated by altruism, particularly financial transfers. Parents financially worse off than their middle-aged children receive more money. They are more likely to live nearby if not coresident. Overall, the results for time transfers provide weaker support for our model than financial transfers. A child with a high wage tends to transfer money rather than time, suggesting that the two types of transfers are partial substitutes.

Full Text

Duke Authors

Cited Authors

  • Sloan, FA; Zhang, HH; Wang, J

Published Date

  • January 1, 2002

Published In

Volume / Issue

  • 69 / 2

Start / End Page

  • 363 - 380

International Standard Serial Number (ISSN)

  • 0038-4038

Digital Object Identifier (DOI)

  • 10.2307/1061677

Citation Source

  • Scopus