Intergenerational Transfers: Economic, Demographic, and Social Perspectives

Intergenerational transfers can be studied from an economic, social gerontological, or social-psychological perspective. This chapter describes a variety of the social science theories and reviews related empirical research relevant to the major types of intergenerational transfers: a) flows of assistance from parents to children and grandchildren, b) flows of assistance from middle-aged children to elderly parents, c) coresidence of parents and children. While there seems to be remarkable consensus about the factors affecting the probability of exchange, because the various disciplines have focused on different aspects of exchange behavior at different points in the life cycle, the evidence in support of competing theories is not consistent. The chapter then focuses on the upcoming availability of the HRS and AHEAD studies as potentially providing the data necessary to capturing all of the relevant dimensions of transfer behaviors that have been missing for all disciplines.