Stability and Change in Financial Transfers from Adult Children to Older Parents

TitleStability and Change in Financial Transfers from Adult Children to Older Parents
Publication TypeJournal Article
Year of Publication2012
AuthorsSzinovacz, ME, Davey, A
JournalCanadian Journal on Aging
Volume31
Issue4
Pagination367-78
KeywordsAdult children, Healthcare
Abstract

ABSTRACT We sought to identify the extent and predictors of longitudinal changes in adult children's financial assistance to parents and in transfer networks over a two-year period. Analyses rely on pooled data from 1994 to 2000 of the Health and Retirement Study, using families in which adult children with no more than four siblings financially supported parents over two years. Change in the help network occurred in about 40 per cent of these families over the two-year period. When change occurred, it most commonly involved cessation of support by a child, followed by addition of another child to the network, whereas exchange of supporting children was relatively rare. Change reflected children's ability to provide care and the burden created by parents' needs. However, the size and composition of the adult-child network and of the initial support group also played an important role. Results highlight the dynamic and systemic nature of intergenerational financial networks. PUBLICATION ABSTRACT

Notes

Copyright - Copyright Canadian Association on Gerontology 2012 Language of summary - English Pages - 367-78 ProQuest ID - 1237500529 Last updated - 2013-01-30 Corporate institution author - Szinovacz, Maximiliane E; Davey, Adam DOI - 2839699101; 74198642; 55058; CJAG; 23217582; CBVPCJAG10.1017/S0714980812000372 References J.G. Altonji, F. Hayashi, and L Kotlikoff. (1997). Parental altrusim and inter-vivos transfers: Theory and evidence. Journal of Political Economy, 105(6), 1121-1166.10.1086/516388 J.L. Angel, M.A. Jimen nez, and R.J Angel. (2007). The economic consequences of widowhood for older minority women. The Gerontologist, 47, 224-234.10.1093/geront/47.2.22417440127 J.D Angrist. (2009). Mostly harmless econometrics: An empiricist's companion. Princeton: Princeton University Press. R. Boaz, J. Hu, and Y Ye. (1999). The transfer of resources from middle-aged children to functionally limited elderly parents: Providing time, giving money, sharing space. 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URLhttp://search.proquest.com.proxy.lib.umich.edu/docview/1237500529?accountid=14667
DOI10.1111/j.1741-3737.2005.00191.x. 10.1111/j.1741-3737.2005.00191.x 10.1111/j.1741-3737.2003.00201.x.10.1111/j.1741-3737.2003.00201.x 10.1002/sim.4067.10.1002/sim.406721225900 http://dx.doi.org/10.1017/S0714980812000372
Endnote Keywords

Financial assistance/intergenerational Transfers/parent Child Relations/adult Children/help network

Endnote ID

69780

Citation Key7780