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Financial Attitudes and Inter vivos Resource Transfers from Older Parents to Adult Children

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  • Celia Hayhoe
  • Michelle Stevenson

Abstract

This exploratory study combines economic, family, and decision-making conceptual models to investigate the factors influencing resource transfers as reported by older adults. Pilot data on 61 adult children was obtained during face-to-face interviews with 18 older parents. Hierarchical multiple regressions were conducted to predict time (emotional support) and financial (cash and gifts) inter vivos transfers from demands, resources, values, and relationships. Positive health ratings, strong affection for the adult child, and money retention attitudes were associated with frequent emotional support. Small household size predicted frequent financial transfers. Results indicate the importance of values, resources, demands, and relationships in predicting resource transfers from older parent to adult child. Copyright Springer Science+Business Media, LLC 2007

Suggested Citation

  • Celia Hayhoe & Michelle Stevenson, 2007. "Financial Attitudes and Inter vivos Resource Transfers from Older Parents to Adult Children," Journal of Family and Economic Issues, Springer, vol. 28(1), pages 123-135, March.
    • Handle: RePEc:kap:jfamec:v:28:y:2007:i:1:p:123-135
    DOI: 10.1007/s10834-006-9054-3
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    References listed on IDEAS

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    Cited by:

    1. Xuewen Sheng & Timothy Killian, 2009. "Over Time Dynamics of Monetary Intergenerational Exchanges," Journal of Family and Economic Issues, Springer, vol. 30(3), pages 268-281, September.
    2. Jay Zagorsky, 2013. "Do People Save or Spend Their Inheritances? Understanding What Happens to Inherited Wealth," Journal of Family and Economic Issues, Springer, vol. 34(1), pages 64-76, March.
    3. Anoshua Chaudhuri, 2009. "Spillover Impacts of a Reproductive Health Program on Elderly Women in Rural Bangladesh," Journal of Family and Economic Issues, Springer, vol. 30(2), pages 113-125, June.
    4. Chong Shyue Chuan & Sia Bik Kai & Ng Kean Kok, 2011. "Resource Transfers And Financial Satisfaction: A Preliminary Correlation Analysis," Journal of Global Business and Economics, Global Research Agency, vol. 3(1), pages 146-156, July.
    5. Yung-Ting Su, 2008. "Looking Beyond Retirement: Patterns and Predictors of Formal End-of-Life Planning Among Retirement Age Individuals," Journal of Family and Economic Issues, Springer, vol. 29(4), pages 654-673, December.
    6. Simon Davies, 2011. "What Motivates Gifts? Intra-Family Transfers in Rural Malawi," Journal of Family and Economic Issues, Springer, vol. 32(3), pages 473-492, September.
    7. Hung-Hao Chang & Rodolfo Nayga & Kung-Chi Chan, 2011. "Gendered Analyses of Nutrient Deficiencies Among the Elderly," Journal of Family and Economic Issues, Springer, vol. 32(2), pages 268-279, June.
    8. Jason Hans & Lawrence Ganong & Marilyn Coleman, 2009. "Financial Responsibilities Toward Older Parents and Stepparents Following Divorce and Remarriage," Journal of Family and Economic Issues, Springer, vol. 30(1), pages 55-66, March.

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