Economics at your fingertips  

Money and time: what would you give back to me? Reciprocity between children and their elderly parents in Europe

Fernanda Mazzotta () and Lavinia Parisi ()
Additional contact information
Fernanda Mazzotta: CELPE, University of Salerno
Lavinia Parisi: CELPE, University of Salerno

Economia Politica: Journal of Analytical and Institutional Economics, 2020, vol. 37, issue 3, No 8, 969 pages

Abstract: Abstract Using data from the Survey of Health, Ageing, and Retirement in Europe (SHARE) (2004, 2006, 2011, 2013 and 2015), we analyse the determinants of adult children’s transfers of money and time to their parents. Specifically, we focus on reciprocity: analysing resource transfers, in term of both time (i.e., informal care) and money (i.e., financial transfers), helps us understand how parent-to-child transfers may influence the probability of child-to-parent transfers. A multivariate probit model for 10 EU countries is used to simultaneously estimate the probabilities that informal care or financial transfers will be given by children to their parents and, conversely, by parents to their children. Using the longitudinal structure of the data, we consider both concurrent and intertemporal reciprocity. The evidence for reciprocity is different based on the type of transfer: we do not find evidence of reciprocity for time transfers (informal care provided to parents) except in the case of sons, for which a positive link between informal care given to parents and current financial transfers received from parents emerges. In contrast, we find a positive effect of parent-to-child transfers (both time and money) on the probability of child-to-parent financial transfers.

Keywords: Informal care; Time transfers; Money Transfers; Reciprocity; Responsibility (search for similar items in EconPapers)
JEL-codes: D10 I10 D64 J14 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

DOI: 10.1007/s40888-020-00181-w

Access Statistics for this article

Economia Politica: Journal of Analytical and Institutional Economics is currently edited by Alberto Quadrio Curzio

More articles in Economia Politica: Journal of Analytical and Institutional Economics from Springer, Fondazione Edison
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2021-06-17
Handle: RePEc:spr:epolit:v:37:y:2020:i:3:d:10.1007_s40888-020-00181-w