• 가족자원경영과 정책
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• 제12권2호
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• pp.209-229
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• 2008

The purpose of this study is to analyze the influence of parent-to-child financial transfers, providing household chores, and inheritance on financial transfers and time transfers from adult children to their elderly parents with dementia. Analyzing data from the sample of 343 adult children of parents with dementia, this study finds a strong positive effect of prior parent-to-child financial transfers on child-to-parent financial transfers under controlling parent characteristics, respondent characteristics and sibling's transfers to their parents. The effects of providing household chores and inheritance on time transfers are also positively significant. The results of this study point out the importance of reciprocity in resource transfers between adult children and their parents with dementia.

• 가족자원경영과 정책
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• 제15권1호
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• pp.157-175
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• 2011

The purpose of this study is to survey the patterns of intergenerational financial resource transfers among three generations, and to examine the effects of providers' financial resources on intergenerational financial resource transfers. The paper presents an analysis of data from KReIS on the financial transfers provided by the aged 40-69 years to their parents and children. The results show that around one-third of the respondents reported providing financial resource transfers to their parents, and that about half 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 having financial transfers from their children. Considering age differences among the respondents, we find that respondents in the age 60s are more likely to receive financial transfers from their children than those in the age 50s or 40s. Statistically significant determinants of providing financial transfers are different from who received transfers.

• 가족자원경영과 정책
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• 제18권2호
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• pp.143-162
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• 2014

The purpose of this study is to analyze the influences on resource transfers between middle-aged parents and their married children. This study used 2009 data from the National Research Foundation of Korea regarding inter-generational resource transfers and preparation for later life (kfr-2009-c00010). A sample of 1208 households of middle-aged parents with married children was used. The study found that parents provided financial resource transfers to their married children in the following circumstances: where parents received financial resource transfers from their married children, where the household income of parents was high, where the children were younger, and where the children were male. Parents provided instrumental resource transfers to their married children in the following circumstances: where parents received instrumental resource transfers from their married children, where the gender of children was female, where the children were employed, where married children had their own children who were either younger than a preschooler, and where household incomes of married children were high. Parents received financial resource transfers from their married children in these circumstances: where their emotional ties with their children was high, where the household income of the parents was low, where the household income of the married children was high, and where married children had preschoolers. The circumstances in which parents received instrumental resource transfers from their married children were where parents provided instrumental resource transfers and the household incomes of married children were high.

• 가족자원경영과 정책
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• 제18권3호
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• pp.79-101
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• 2014

The main objective of this study is to explain the differences in intergenerational resource transfers among the middle-aged at various income levels. Analyses of data on financial resource transfers from the 2nd wave of the Korean Retirement and Income Study were conducted. The study sample consisted of 931 middle-aged individuals who had at least one living parent and one child. The data analysis methods were ${\chi}^2$ analysis, one-way analysis of variance(ANOVA), logistic regression analysis, and multiple regression analysis. Financial resource transfers are statistically significant factors explaining the preparation for later life and life satisfaction of middle-aged individuals. The empirical results reveal that the frequency of intergenerational financial transfers was significantly higher in high-income households than in middle- and low- income households. A comparison of high-, middle- and low-income households shows that financial resource transfers had a greater influence on the preparation for later life and life satisfaction of the middle-aged in middle-income households than in low- or high-income households. The level of life satisfaction was dependent upon to whom middle-aged individuals gave financial resources. In the middle-income group, the middle-aged who gave financial resources to their parents were more likely to have higher life satisfaction than those who did not. Receiving financial transfers from parents or children did not have a statistically significant impact on the life satisfaction of the middle-aged in any income-level group.

• 가정과삶의질연구
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• 제23권1호
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• pp.187-195
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• 2005

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.

• 가족자원경영과 정책
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• 제16권2호
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• pp.59-76
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• 2012

This study examines the relationship between intergenerational financial resource transfers and preparation for later life among the middle-aged. The study sample consists of 1536 middle-aged individuals with at least one living parent and one married child. The level of preparation for later life is dependent upon the level of household economic status. The statistically significant variables predicting the level of preparation for later life include age, education, subjective health status, household income and household assets. Moreover, intergenerational resource transfers are statistically significant factors that explain the level of preparation for later life. The effect of financial transfers from middle-aged parents to their adult children on the level of preparation for later life is the most significant financial transfer variable.

• 가족자원경영과 정책
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• 제6권2호
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• pp.53-64
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• 2002

The main purposes of this study are to examine the impact of parent's and child's incomes on financial transfers from elderly parents to their adult children, and to study other factors influencing financial transfers from parents to children. Analyzing data from the Wisconsin Longitudinal Study, which provides long-term observations of financial transfers, the current study finds strong positive effects of parent's income on financial transfers from parents to their adult children. In terms of determinants of financial transfers, the results of multivariate logistic regression analyses suggest that child's education child's marital status, and sibling size are statistically significant determinants of parent-to-child financial transfers.

• 가족자원경영과 정책
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• 제16권2호
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• pp.103-121
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• 2012

This study examines whether reciprocity exists in intergenerational resource transfers from middle-aged children to elderly parents. Analyzing data from a sample of 1123 middle-aged adults, this study highlights the importance of reciprocity in the transfer of resources between middle-aged adults and their elderly parents. The possibility of an inheritance shows a very strong effect on care-giving to elderly parents. Furthermore, past financial transfers from parents to middle-aged children correlates strongly with financial transfers from middle-aged children to their elderly parents.

• 가정과삶의질연구
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• 제31권4호
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• pp.131-144
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• 2013

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.

• 가정과삶의질연구
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• 제29권6호
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• pp.137-151
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• 2011

This study examines the condition of transfers between mothers and adult children, analyzing the influencing factors in such transfers. Specifically the study examines the influence of financial transfers and economic resources on financial transfers and grandchild caregiving between mothers and adult children. The sample of 3719 mothers with adult children was extracted from the first wave of the Korean Longitudinal Survey of Women and Families. The major findings are as follows. Mothers's socio-demographic characteristics are important factors in explaining financial transfers between mothers and adult children. Mothers who have jobs and spouses are more likely to provide economic resource to their adult children than those who don't have. In terms of receiving economic resources from adult children, statistically meaningful factors are mothers' age, labor market participation, marital status, household income, household asset, and children's labor market participation. Especially, labor market participation of mothers and adult children is statistically powerful factor in financial transfers and caregiving.