Over Time Dynamics of Monetary Intergenerational Exchanges

Using data from 9,674 individuals in three waves of the Health and Retirement Study, we used three latent-class transition models to predict the probabilities of monetary transfers that study participants made to adult children and received from their adult children over a 6-year period of time, from 1998 to 2002. Generally, we found a high degree of stability in over time transition patterns. Whereas time invariant predictor variables (i.e., age, race, and gender) were related to the probabilities of transfers in Wave 1 of the study, these variables were not predictive of over time changes. Only changes in marital status were consistently related to intergenerational exchanges of monetary resources over time.