The Exchange Motive in Intergenerational Transfers

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Title: The Exchange Motive in Intergenerational Transfers
Authors: Nivakoski, Sanna
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Date: 27-May-2015
Online since: 2015-09-02T15:57:13Z
Abstract: This article examines the exchange motive in intergenerational monetary transfers, namely current inter vivos transfers and planned bequests. The focus is on the causal effect of child-provided help on transfers from parents to adult children. Cross-sectionally, small transfers and help are positively correlated, with the findings robust to inclusion of child-parent relationship controls and lagged help. In an analysis of first-differenced data, the effect is statistically significant at the 10 per cent level. The analysis of planned bequests reveals no effect of child-provided help, suggesting that inter vivos transfers are better suited to exchange.
Type of material: Working Paper
Publisher: University College Dublin. Geary Institute
Series/Report no.: UCD Geary Institute For Public Policy Discussion Paper Series; WP2015/10
Copyright (published version): 2015 the Authors
Keywords: Exchange motiveIntergenerational transfersInter vivosBequestsInformal care
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Working Papers

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