Time and Financial Transfers Within and Beyond the Family

TitleTime and Financial Transfers Within and Beyond the Family
Publication TypeJournal Article
Year of Publication2006
AuthorsCao, H
JournalJournal of Family and Economic Issues
Volume27
Issue2
Pagination375-
Call Numberpubs_2006_Cao_TimeFinTrnsfrs.pdf
KeywordsAdult children, Income
Abstract

Research on time and financial transfers is often conducted along two distinct lines--transfers within the family and transfers beyond the family--without considering the fact that these transfers are actually interrelated. Using longitudinal data from the Health and Retirement Study (HRS), this article investigates the links between the two groups of transfers. Transfers within and beyond the family were found to be complements. Income and wealth are strong predictors of financial transfers. Black and Hispanic families lag systematically in the generosity to help the people both within and beyond their families.

Endnote Keywords

Family transfers, structure/Transfers/Financial Support

Endnote ID

16550

Citation Key7086