Journal of Families and Better Life (가정과삶의질연구)

Korean Home Management Association (가정과삶의질학회)
권호 표지

Resource Transfers from Adult Children to Their Elderly Parents

미국 성인자녀의 노부모에 대한 자원이전행동에 관한 연구

  • Koh Sun-Kang (Dept. of Family Culture and Consumer Science, Sungshin Women's University)
  • 고선강 (성신여자대학교 가족문화소비자학과)
  • Published : 2005.02.01
Download PDF
⟨ Previous Next ⟩

Abstract

The purpose of this study is to examine the influence of parent-to-child financial transfers and economic resources on financial transfers, caregiving, and time donated from middle-aged adult children to their elderly parents. Analyzing data from the Wisconsin Longitudinal Study, which provides long-term observations of financial reciprocity and recent reports about elder care, the current study finds strong positive effects of prior parent-to-child financial transfers in the models of caregiving and time; which indicates the importance of reciprocity. In terms of determinants of resource transfers, the findings of logistic regression analyses suggest that the economic resources of parents and adult children are strong determinants of child-to-parent financial resource transfers. Sociodemographic characteristics of parents and respondents were observed as strong determinants of caregiving or time. In addition, caregiving responds more to the health and income levels of parents whereas donated time is responsive to the net worth of parents and parents' status. For adult children, gender is a strong determinant of both caregiving and time donation. The long-term health problem of adult children is a statistically significant predictor of caregiving, while the employment status of adult children and the number of siblings have statistically a significant association with time donated to care for the parents.

Keywords

References

  1. Altonji, J. G., Hayashi, F., & Kotilikoff, L. J.(1992). Is the extended family altruistically linked? Direct tests using micro data. The Ameriam Economic Review, 82, 1177-1198
  2. Becker, S.(1991). A Treatise on the Family. Cambridge, Ma: Harvard University Press
  3. Bernheim. B. D.. Shleifer, A., & Summers. L. H.(1985). The strategic bequest motive. The Journal of Politiml Economy, 93, 1045-1076 https://doi.org/10.1086/261351
  4. Cox, D. & Rank, M. R.(1992). Intervivos transfers and intergenerational exchange. Review of Economics and Statistics, 74(2), 305-314 https://doi.org/10.2307/2109662
  5. Cox, D.(1987). Motives for private income transfers, Journal of Political Economy, 95, 508-546 https://doi.org/10.1086/261470
  6. Dunn, T. A., & Phillips, J. W.(1998). Intergenerational coresidence and childrens income (Aging Studies Program Paper No.14). New York: Syracuse University, Maxwell Center for Demography and Economics of Aging
  7. Freedman, V., Wolf, D. A., Soldo, B. J., & Stephen, E. H. (1991). Intergenerational transfers: A question of perspective. The Gerontologist, 31, 640-647 https://doi.org/10.1093/geront/31.5.640
  8. Henretta, J.C., Hill, M.S., Li, W., Soldo, B.J., &and Wolf, D. A.(1997). Selection of children to provide care: the effect of earlier parental transfers. The Journal of Gerontology Series B, 52B, 110-119 https://doi.org/10.1093/geronb/52B.Special_Issue.110
  9. MacDonald, M. M.(1989). Family Background, the Life Cycle, and Inter-household Transfers (NSFH working paper No. 13). Madison: University of Wisconsin, Center for Demography and Ecology
  10. Macdonald, M.M. & Koh, S.(2003). Consistent motives for inter-family transfers. Journal of Family and Economic Issues, 24(1), 73-98 https://doi.org/10.1023/A:1022435104422
  11. Marks, N. F.(1996). Caregiving across the lifespan: National prevalence and predictors. Family Relations, 45, 27-36 https://doi.org/10.2307/584767
  12. Marks, N. F. & Lambert, J. D.(1997). Family mregiuing: Contemporary trends and issues (NSFH working paper No. 78). Madison: University of Wisconsin. Center for Demography and Ecology
  13. McGarry, K.(1999). Intervivos transfers and intended bequests. Journal of Public Economics, 73, 321-351 https://doi.org/10.1016/S0047-2727(99)00017-1
  14. McGarry, K., & Schoeni, R. F.(1995). Transfers behavior in the health and retirement study: Measurement and the redistribution of resources within the family. The Journal of Human Resources, 30S, 184-226
  15. McGarry, K., & Schoeni, R. F.(1997). Transfers behavior within the family: Results from the assetnet worth and health dynamics study. The Journal of Gerontology Series B, 52B, 82-92 https://doi.org/10.1093/geronb/52B.Special_Issue.82
  16. Pezzin, L. E., & Schone, B. S.(1999). Parental marital disruption and intergenerational transfers: an analysis of lone elderly parents and their children. Demography, 34, 297-297
  17. Sabatelli, R. M., & Shehan, C. L.(1993). Exchange and resource theories. In P. G. Boss, W.J. Doherty, R. LaRossa, W. R. Schumrn, & S. K. Steinrnetz (Eds.), Sourcebook of Family Theories and Methods: A Contextual Apprmh (385-411). New York: Plenum Press
  18. Sloan, F. A., Picone, G., & Hoerger, T. J.(1997). The supply of childrens time to disabled elderly parents. Economic Inquiry, 35, 295-308 https://doi.org/10.1111/j.1465-7295.1997.tb01911.x
  19. Soldo, B. J., & Hill, M. S.(1995). Family structure and transfer measures in the health and retirement survey: Background and overview. The Journal of Human Resources, 30S, 108-137
  20. Tomes, N.(1981). The family inheritance, and the intergenerational transmission of inequality. Journal of Political Economy, 89, 928-968 https://doi.org/10.1086/261014