Title | Parental Investments in College and Later Cash Transfers |
Publication Type | Journal Article |
Year of Publication | 2018 |
Authors | Haider, S, McGarry, K |
Journal | Demography |
Volume | 55 |
Issue | 5 |
Pagination | 1705-1725 |
Date Published | 10/2018 |
ISSN Number | 0070-3370 |
Keywords | College, Family transfers, Finances, Social Support |
Abstract | 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. |
URL | http://link.springer.com/10.1007/s13524-018-0703-6http://link.springer.com/content/pdf/10.1007/s13524-018-0703-6.pdfhttp://link.springer.com/content/pdf/10.1007/s13524-018-0703-6.pdfhttp://link.springer.com/article/10.1007/s13524-018-0703-6/fulltext.html |
DOI | 10.1007/s13524-018-0703-6 |
Short Title | Demography |
Citation Key | 9832 |