HOW ARE UPSTREAM TRANSFERS DETERMINED? NEW EVIDENCE FROM SOUTH KOREA

Cheolsung Park

Pacific Economic Review, 2010, vol. 15, issue 4, 532-553

Abstract: Exploiting new data from South Korea on intergenerational transfers made in regular and irregular intervals, I examine what determines and motivates upstream transfers. The results indicate that regular transfers are largely motivated by altruism, but that irregular and in‐kind transfers are unresponsive to parental economic need. The findings imply that public old‐age support would crowd out regular transfers to some extent. It is also found that roles are divided among siblings in supporting the elderly parents: the eldest married son is likely to transfer regularly and the most, whereas the other siblings transfer irregularly or in‐kind.

Date: 2010
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