Journal of Families and Better Life (가정과삶의질연구)

Korean Home Management Association (가정과삶의질학회)
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The Assets and Intergenerational Financial Transfers among the Middle-aged

중년기 가정의 자산과 3세대 간 경제자원 이전

  • Koh, Sun-Kang (Dept. of Social Welfare, Sungshin Women's Univ.)
  • 고선강 (성신여자대학교 사회복지학과)
  • Received : 2013.01.15
  • Accepted : 2013.08.01
  • Published : 2013.08.30
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Abstract

Financial transfers between parents and their adult children are a growing trend in Korean society. This study investigates the relation of household assets to intergenerational financial transfers among the middle-aged and focuses on the influences of various types of assets on financial transfers from the middle-aged to their older parents and adult children. The paper presents an analysis of data from the second wave of KReIS on the financial transfers provided by those aged 50-69 years to their parents and children. The results show that around one-fifth of the respondents reported providing financial resource transfers to their parents, and that about one-third of the respondents provided financial transfers to their children. In terms of the other direction of financial transfers, a small percentage of the respondents received financial transfers from their parents; otherwise more than half of the respondents reported receiving financial transfers from their children. The influences of various types of assets are statistically significant on financial transfers to parents, to adult children and from adult children. Specifically the size of financial assets is associated with a likelihood of providing financial resource to both parents and children.

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  1. Intergenerational Contact and Financial Support Between Parents and Married Children : Children's Gender and Birth Order as Correlates vol.34, pp.2, 2016, https://doi.org/10.7466/JKHMA.2016.34.2.15