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

Yannis Ioannides and Kamhon Kan ()

No 1994033, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper studies the nature and pattern of inter vivos two-sided intergenerational transfers of money and time between parents and adult children. We use an analytical model that incorporates altruistic and exchange behavior to describe the interaction between parents and their children. Using the 1988 cross-section of the PSID, we examine empirically the existence of altruism and exchange between two successive generations. The empirical findings support the notion that intergenerational transfers are motivated by altruism. They do not support the presence of an exchange motive.

Keywords: Inter vivos intergenerational transfers; Altruism; Exchange (search for similar items in EconPapers)
JEL-codes: C25 C35 J13 J14 (search for similar items in EconPapers)
Date: 1994-08-01
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Citations: View citations in EconPapers (3)

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Related works:
Chapter: The Nature of Two-directional Intergenerational Transfers of Money and Time: An Empirical Analysis (2000)
Working Paper: The Nature of Two-Directional Intergenerational Transfers of Money and Time: An Empirical Analysis (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1994033

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