The Exchange Motive in Intergenerational Transfers
|Title:||The Exchange Motive in Intergenerational Transfers||Authors:||Nivakoski, Sanna||Permanent link:||http://hdl.handle.net/10197/6875||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 motive; Intergenerational transfers; Inter vivos; Bequests; Informal care||Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Geary Institute Working Papers|
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