The Nature of Two-directional Intergenerational Transfers of Money and Time: An Empirical Analysis

Yannis Ioannides and Kamhon Kan ()

Chapter 18 in The Economics of Reciprocity, Giving and Altruism, 2000, pp 314-331 from Palgrave Macmillan

Abstract: Abstract Since the 1970s, resource transfers among family members and across generations have been paid particular attention by economists. This has, in part, been motivated by the difficulty the life-cycle permanent income theory has faced in explaining the saving behaviour of households (Menchik and David, 1983; King, 1985; Kotlikoff, 1987; Hayashi, Ando and Ferris, 1988; and Hurd, 1987, 1989, 1990). Intergenerational transfers of resources have been found to play an important role in capital accumulation and distribution of income (Kotlikoff and Summers, 1981, 1988; and Gale and Scholz, 1994), and in consumption smoothing (Kan, 1996).

Date: 2000
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Related works:
Working Paper: The Nature of Two-Directional Intergenerational Transfers of Money and Time: An Empirical Analysis (1999)
Working Paper: The Nature of Two-Direction Intergenerational Transfers of Money and Time: An Empirical Analysis (1994)
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DOI: 10.1007/978-1-349-62745-5_18

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