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How Are Upstream Transfers Determined? New Evidence From South Korea

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  • Cheolsung Park

Abstract

Exploiting new data from South Korea on intergenerational transfers made in regular and irregular intervals, I examine what determines and motivates upstream transfers. The results indicate that regular transfers are largely motivated by altruism, but that irregular and in‐kind transfers are unresponsive to parental economic need. The findings imply that public old‐age support would crowd out regular transfers to some extent. It is also found that roles are divided among siblings in supporting the elderly parents: the eldest married son is likely to transfer regularly and the most, whereas the other siblings transfer irregularly or in‐kind.

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  • Cheolsung Park, 2010. "How Are Upstream Transfers Determined? New Evidence From South Korea," Pacific Economic Review, Wiley Blackwell, vol. 15(4), pages 532-553, October.
    • Handle: RePEc:bla:pacecr:v:15:y:2010:i:4:p:532-553
    DOI: 10.1111/j.1468-0106.2009.00464.x
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    References listed on IDEAS

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    6. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1986. "The Strategic Bequest Motive," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 151-182, July.
    7. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1997. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1121-1166, December.
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    Cited by:

    1. Edwin S. Wong, 2013. "Gender preference and transfers from parents to children: an inter-regional comparison," International Review of Applied Economics, Taylor & Francis Journals, vol. 27(1), pages 61-80, January.

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