The Nature of Two-directional Intergenerational Transfers of Money and Time: An Empirical Analysis

Ioannides, Yannis M.; Kan, Kamhon

doi:10.1007/978-1-349-62745-5_18

Cited by 23 publications

(22 citation statements)

References 19 publications

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“…Similarly, Ioannides and Kan (2000) analyze two-directional inter vivos transfers of time and money between parents and children and find that they are motivated by mutual altruism rather than by selfish exchange motives (but see Cox, 1987;Cox and Rank, 1992;and Altonji, et al, 1997).…”

Section: Survey Of Previous Empirical Studiesmentioning

confidence: 99%

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

Horioka¹,

Gahramanov²,

Hayat³

et al. 2016

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In this paper, we conduct a theoretical analysis of why individuals provide care and attention to their elderly parents using a two-period overlapping generations model with endogenous saving and a "contest success function" and test this model using micro data from a Japanese household survey, the Osaka University Preference Parameter Study. To summarize our main findings, we find that the Japanese are more likely to live with (or near) their elderly parents and/or to provide care and attention to them if they expect to receive a bequest from them, which constitutes strong support for the selfish bequest motive or the exchange motive (much stronger than in the United States), but we find that their caregiving behavior is also heavily influenced by the strength of their altruism toward their parents and social norms.

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Section: Survey Of Previous Empirical Studiesmentioning

confidence: 99%

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

Horioka¹,

Gahramanov²,

Hayat³

et al. 2016

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“…Zissimopoulos (2001) using US data (Health and Retirement Study (HRS)) finds that an increase in an adult child's income and wealth increases transfers to parents, while an increase in wage rate leads to an increase in financial transfer and a decrease in time transfer. Ioannides and Kan's (1999) estimates from the Panel Study of Income Dynamics (PSID) indicate a positive effect of head of household hourly earnings on financial transfer to parents and a negative one for time transfer. Sloan et al's (2002) results from the HRS suggest that financial assistance responds positively to an increase in the wage rate, while it exhibits no significant effect on time assistance to elderly parents.…”

Section: Introductionmentioning

confidence: 99%

How do middle-aged children allocate time and money transfers to their older parents in Europe?

Bonsang

2007

Empirica

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“…All of these results appear to support the strategic bequest (exchange) motive because only bequeathable wealth should influence the behavior of children and because parents' threat of disinheritance is truly credible only if they have multiple children. However, Perozek (1998) replicates Bernheim, Shleifer, and Summers's (1985) test using a richer data set (the 1987 National Survey of Families and Households (NSFH)) and finds that bequeathable wealth no longer has a significant impact on attention from one's children when additional child and family characteristics are taken into account and/or a more comprehensive measure of attention is used, and Sloan, Picone, and Hoerger (1997), Altonji, Hayashi, and Kotlikoff (2000), and Ioannides and Kan (2000) obtain similar results (but see Cox 1987, Cox and Rank 1992, Altonji, Hayashi, and Kotlikoff 1997, Norton and Taylor 2005, and Norton and Van Houtven 2006.…”

Section: Survey Of Previous Empirical Studiesmentioning

confidence: 94%

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

et al. 2016

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Asian Development Bank InstituteThe Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI's working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. Charles Yuji Horioka is vice president and research professor at the Asian Growth Research Institute, Kitakyushu, Japan. Emin Gahramanov is associate professor at the American University of Sharjah, Sharjah, United Arab Emirates. Aziz Hayat and Xueli Tang are senior lecturers at Deakin University, Melbourne Burwood Campus, Burwood, Australia.The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Working papers are subject to formal revision and correction before they are finalized and considered published. AbstractWe conduct a theoretical and empirical analysis of why children live with (or near) their parents and provide care and assistance to them using microdata from a Japanese household survey, the Osaka University Preference Parameter Study. We find that the Japanese are more likely to live with (or near) their elderly parents and/or to provide care and attention to them if they expect to receive a bequest from them, which constitutes strong support for the strategic bequest motive, but that their caregiving behavior is also heavily influenced by the strength of their altruism toward their parents and social norms.

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The Nature of Two-directional Intergenerational Transfers of Money and Time: An Empirical Analysis

Cited by 23 publications

References 19 publications

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

How do middle-aged children allocate time and money transfers to their older parents in Europe?

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

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