Risk-Sharing Within Families: Evidence From the Health and Retirement Study
Serife Akin and
Oksana Leukhina ()
No 2013-09, Working Papers from University of Miami, Department of Economics
We report strong empirical support for the presence of a risk-sharing motive of within-family monetary flows. A standard model of risk-sharing predicts that the share of current family income consumed by a child positively depends on that child's lifetime contribution to the present value of the total family income. Therefore, sensitivity of transfer receipts to fluctuations in recipient's current income is smaller for children who contribute more. We test this distinguishing prediction of the risk-sharing model by exploiting the observed variation of parental transfers to siblings over 17 years in a longitudinal dataset derived from the Health and Retirement Study.
Keywords: Risk-sharing; altruism; within-family transfers; Health and Retirement Study (search for similar items in EconPapers)
JEL-codes: C5 E6 J1 (search for similar items in EconPapers)
Pages: 25 pages
New Economics Papers: this item is included in nep-dem
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Forthcoming (Under Review)
Downloads: (external link)
http://bus.miami.edu/_assets/files/repec/WP2013-09.pdf First version, 2013 (application/pdf)
Journal Article: Risk-sharing within families: Evidence from the Health and Retirement Study (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mia:wpaper:2013-09
Access Statistics for this paper
More papers in Working Papers from University of Miami, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Christopher Parmeter ().