|Title||Parental Investments in College and Later Cash Transfers|
|Publication Type||Journal Article|
|Year of Publication||2018|
|Authors||Haider, S, McGarry, KM|
|Keywords||College, Family transfers, Finances, Social Support|
Parents often provide generous financial transfers to their adult children, perhaps assisting with college expenses, recognizing major life course events, or cushioning against negative financial shocks. Because resources are limited, a transfer made to one child likely affects transfers made to others in the family. Despite such possibilities, data limitations have led previous authors to focus almost exclusively on a single type of transfer made at a single point in time. Using data from the Health and Retirement Study, we examine the relationships among parental transfers for college and later cash transfers to all children within a family. We find that parents typically spend differentially on the postsecondary schooling of their children but find no evidence that this differential spending is offset by later cash transfers.