Parental Support for Cost of Marriage Formation and Financial Resource Transfers

부모의 결혼자금 지원과 경제자원 이전: 20-40대 기혼여성 가정을 중심으로

The purpose of this study is to identify the factors that influence financial transfers between married women aged 20-40 and their parents and parents-in-law. In particular, we examine whether there is any reciprocity between parental support for the cost of marriage formation and financial resource transfers from married children to their parents and parents-in-law. Data from the 2009 wave of the Survey of Marriage and Childbirth were analyzed. Among married women who have been married for over 16 years, we find that the probability of them giving financial resources to their parents increases in line with the parental support they received to help their marriage formation cost. Therefore, we confirm that there is reciprocity between parental support for the cost of marriage formation cost and children's financial support provision for parents.