Longitudinal analysis of exchanges of support between parents and children in the UK

Fiona Steele, Siliang Zhang, Emily Grundy and Tania Burchardt

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We consider how exchanges of support between parents and adult children vary by demographic and socio-economic characteristics and examine evidence for reciprocity in transfers and substitution between practical and financial support. Using data from the UK Household Longitudinal Study 2011–19, repeated measures of help given and received are analysed jointly using multivariate random effects probit models. Exchanges are considered from both a child and parent perspective. In the latter case, we propose a novel approach to account for the correlation between mother and father reports and develop an efficient Markov chain Monte Carlo algorithm suitable for large datasets with multiple outcomes.

Keywords: intergenerational exchanges; longitudinal dyadic data; reciprocity; multivariate random effects probit model (search for similar items in EconPapers)
JEL-codes: C1 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2024-04-01
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Published in Journal of the Royal Statistical Society. Series A: Statistics in Society, 1, April, 2024, 187(2), pp. 279 - 304. ISSN: 0964-1998

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:119908

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