The Exchange Motive in Intergenerational Transfers

Sanna Nivakoski ()

No 201510, Working Papers from Geary Institute, University College Dublin

Abstract: This article examines the exchange motive in intergenerational monetary transfers, namely current inter vivos transfers and planned bequests. The focus is on the causal effect of child-provided help on transfers from parents to adult children. Cross-sectionally, small transfers and help are positively correlated, with the findings robust to inclusion of child-parent relationship controls and lagged help. In an analysis of first-differenced data, the effect is statistically significant at the 10 per cent level. The analysis of planned bequests reveals no effect of child-provided help, suggesting that inter vivos transfers are better suited to exchange.

Keywords: exchange motive; intergenerational transfers; inter vivos; bequests; informal care (search for similar items in EconPapers)
JEL-codes: D13 D91 H31 J14 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2015-06-03
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:201510

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