IDEAS home Printed from https://ideas.repec.org/a/kap/jfamec/v28y2007i1p123-135.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10834-006-9054-3
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10834-006-9054-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1.
    2. McGarry, K. & Schoeni, R.F., 1995. "Transfer Behavior With the Family: Results from the Asset and Health Dynamics Survey," Papers 95-09, RAND - Labor and Population Program.
    3. Beth J. Soldo & Martha S. Hill, 1995. "Family Structure and Transfer Measures in the Health and Retirement Study: Background and Overview," Journal of Human Resources, University of Wisconsin Press, vol. 30, pages 108-137.
    4. Cox, Donald & Rank, Mark R, 1992. "Inter-vivos Transfers and Intergenerational Exchange," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 305-314, May.
    5. McGarry, Kathleen, 1999. "Inter vivos transfers and intended bequests," Journal of Public Economics, Elsevier, vol. 73(3), pages 321-351, September.
    6. Merril Silverstein & Stephen J. Conroy & Haitao Wang & Roseann Giarrusso & Vern L. Bengtson, 2002. "Reciprocity in Parent–Child Relations Over the Adult Life Course," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 57(1), pages 3-13.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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.
    3. 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.
    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. 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.
    6. 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.
    7. 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.
    8. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Donald Cox, 2003. "Private Transfers within the Family: Mothers, Fathers, Sons and Daughters," Boston College Working Papers in Economics 605, Boston College Department of Economics.
    2. 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.
    3. Mónika López-Anuarbe, 2013. "Intergenerational transfers in long term care," Review of Economics of the Household, Springer, vol. 11(2), pages 235-258, June.
    4. Michael D. Hurd & James P. Smith & Julie Zissimopoulos, 2007. "Inter-vivos Giving Over the Lifecycle," Working Papers WR-524, RAND Corporation.
    5. Audrey Light & Kathleen McGarry, 2004. "Why Parents Play Favorites: Explanations for Unequal Bequests," American Economic Review, American Economic Association, vol. 94(5), pages 1669-1681, December.
    6. Altonji Joseph G & Villanueva Ernesto, 2007. "The Marginal Propensity to Spend on Adult Children," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 7(1), pages 1-52, February.
    7. Liliana E. Pezzin & Robert A. Pollak & Barbara Steinberg Schone, 2008. "Parental Marital Disruption, Family Type, and Transfers to Disabled Elderly Parents," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 63(6), pages 349-358.
    8. Charles Yuji Horioka, 2014. "Why Do People Leave Bequests? For Love or Self-Interest? Evidence from a New International Survey of Bequest Plans," UP School of Economics Discussion Papers 201406, University of the Philippines School of Economics.
    9. Francois-Charles Wolff & Seymour Spilerman & Claudine Attias-Donfut, 2005. "Do Parents Help More their Less Well-Off Children? Evidence from a Sample of Migrants to France," Microeconomics 0504001, University Library of Munich, Germany.
    10. Yang-Ming Chang, 2007. "Transfers and bequests: a portfolio analysis in a Nash game," Annals of Finance, Springer, vol. 3(2), pages 277-295, March.
    11. Jeffrey R. Brown & Courtney C. Coile & Scott J. Weisbenner, 2010. "The Effect of Inheritance Receipt on Retirement," The Review of Economics and Statistics, MIT Press, vol. 92(2), pages 425-434, May.
    12. Sanna Nivakoski, 2019. "Does the exchange motive influence intergenerational transfers? Evidence from Ireland," Review of Economics of the Household, Springer, vol. 17(3), pages 1049-1079, September.
    13. Sanna Nivakoski, 2015. "The Exchange Motive in Intergenerational Transfers," Working Papers 201510, Geary Institute, University College Dublin.
    14. Debra Friedman & Michael Hechter & Derek Kreager, 2008. "A Theory of the Value of Grandchildren," Rationality and Society, , vol. 20(1), pages 31-63, February.
    15. Wolff, Francois-Charles & Laferrere, Anne, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 13, pages 889-969, Elsevier.
    16. Charles Horioka, 2014. "Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans," Review of Economics of the Household, Springer, vol. 12(3), pages 411-437, September.
    17. Sun-Kang Koh & Maurice MacDonald, 2006. "Financial Reciprocity and Elder Care: Interdependent Resource Transfers," Journal of Family and Economic Issues, Springer, vol. 27(3), pages 420-436, September.
    18. Ramon L. Clarete & Ernesto M. Pernia & Ammielou Gaduena & Adrian Mendoza, 2014. "The Role of Science, Technology and Research in Economic Development," UP School of Economics Discussion Papers 201407, University of the Philippines School of Economics.
    19. repec:bla:scandj:v:103:y:2001:i:3:p:415-43 is not listed on IDEAS
    20. Nikolov, Plamen & Adelman, Alan, 2019. "Do private household transfers to the elderly respond to public pension benefits? Evidence from rural China," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).
    21. Olivera, Javier, 2017. "The division of inter-vivos parental transfers in Europe," The Journal of the Economics of Ageing, Elsevier, vol. 9(C), pages 41-51.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jfamec:v:28:y:2007:i:1:p:123-135. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.