Transfer Behavior Within the Family: Results from the Asset and Health Dynamics Survey

TitleTransfer Behavior Within the Family: Results from the Asset and Health Dynamics Survey
Publication TypeJournal Article
Year of Publication1997
AuthorsMcGarry, KM, Schoeni, RF
JournalThe Journals of Gerontology, Series B: Psychological Sciences and Social Sciences
Volume52B
IssueSpec
Pagination82-92
Call Numberpubs_1997_McGarry_KJGSeriesB.pdf
KeywordsAdult children, Public Policy
Abstract

This paper provides new empirical evidence on the relationship between the income of the recipients and the likelihood and magnitude of cash transfers. Results offer strong evidence that respondents are more likely to make transfers and more likely to transfer larger amounts to their children who are less well off. These findings are consistent with recent studies that support the altruistic model of behavior. This study also presents descriptive statistics which cast some doubt on the exchange model of behavior, which views financial transfers as a payment for services.

Endnote Keywords

Family/Transfers/Wills/Welfare/Altruism

Endnote ID

8082

Citation Key6586