Intervivos Giving Over the Lifecycle

Michael Hurd (), James Smith and Julie Zissimopoulos

No WR-524-1, Working Papers from RAND Corporation

Abstract: The authors use longitudinal data from the Health and Retirement Study on money parent give to adult children over sixteen years. They study the scale of giving, regularity over time, and factors shaping it. Parents give $5,000 to children with the one-third of parents who give, averaging $14,000 over two years. There is persistence in giving declining with age and resulting in total gifts of $50,000 from age 53 to death excluding bequests. Single parents who expect a long life span and are risk averse give less money to children; consistent with a lifecycle model of consumption including transfers.

Keywords: Intergenerational transfers; life-cycle consumption; household behavior (search for similar items in EconPapers)
JEL-codes: D91 J14 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2011-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Working Paper: Inter-vivos Giving Over the Lifecycle (2007)
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