Browse > Article
http://dx.doi.org/10.7466/JKHMA.2013.31.4.131

The Assets and Intergenerational Financial Transfers among the Middle-aged  

Koh, Sun-Kang (Dept. of Social Welfare, Sungshin Women's Univ.)
Publication Information
Journal of Families and Better Life / v.31, no.4, 2013 , pp. 131-144 More about this Journal
Abstract
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.
Keywords
intergenerational transfer; private transfer; asset; financial resource; intergenerational relations;
Citations & Related Records
Times Cited By KSCI : 7  (Citation Analysis)
연도 인용수 순위
1 McGarry, K. & Schoeni, R. F.(1995). Transfers behavior in the health and retirement study : Measurement and the redistribution of resources within the family. The Journal of Human Resources 30S, 184-226.
2 McGarry, K. & Schoeni, R. F.(1997). Transfers behavior within the family: Results from the asset net worth and health dynamics study. The Journal of Gerontology Series B 52B, 82-92.   DOI
3 McGarry, K.(1999). Intervivos transfers and intended bequests. Journal of Public Economics, 73, 321-351.   DOI   ScienceOn
4 Park. M.(2007). Influential factor on financial resources benefits and the benefit amount of retired the aged people. Unpublished master's thesis. Chungnam National University, Daejeon.
5 Putney, N. & Bengtson, V.(2001). Families, intergenerational relationships, and kinkeeping in midlife. 528-570. In E. Lachman, Handbook of Midlife Development. Wiley & sons, Inc: New York.
6 Sabatelli, R. M. &Shehan, C. L.(1993). Exchange and Resource Theories. In P. G. Boss et al.(eds). Sourcebook of Family Theories and Methods : A Contextual Approach(385-411). NY : Plenum Press.
7 Sohn, B.(1998). Determinant factors for the inter-family income transfer in korea : focusing on the relationship between parents and their married children. Korean Journal of Social Welfare Studies, 11(2), 261-267.
8 Kim, S. & Park, M.(2008). The factors contributing to financial resources interchange type and amounts of the middle aged and the elderly household. Journal of Korean Home Management Association, 26(5), 1-14.   과학기술학회마을
9 Koh, S.(2005). Resource transfers from adult children to their elderly parents. Journal of Korean Home Management Association, 23(1), 187-195.   과학기술학회마을
10 Koh, S.(2008). A study on the family resource transfers from adult children to their parents with dementia. Journal of Family Resource Management Association, 12(2), 209-229.   과학기술학회마을
11 Koh, S.(2011). Intergenerational resource transfers in the middle and the early old aged: an effect of financial resources. Journal of Family Resource Management Association, 15(1), 157-175.   과학기술학회마을
12 Kim, J. & Song, E.(2004). Determinants of financial interchanges and the amount of monetary exchanges between adult children and their parents living in separate households. Journal of Korean Home Management Association, 22(5), 75-89.   과학기술학회마을
13 Jin, J.(1999). A study on the relationship between Social Security transfers and private transfers in Korea. Korean Journal of Social Welfare Studies, 13, 167-199.
14 Kang, S. & Jeon, H.(2005). The study on the motivation of private transfers and the crowding out effect of public transfers. Public Economy, 10(1), 23-46.
15 Kang, S.(2008). Changes in public transfer affected by changes in people's attitudes forward intergenerational family support. Health And Welfare Policy Forum, 10, 65-76.
16 Kim, J. & Song, H.(2008). Intergenerational private income transfer between married children and their parents. Korean Social Security Studies, 24(3), 77-98.
17 Kim, J.(2006). Analysis on financial interchanges between adult children and their parents. Unpublished doctoral dissertation.Ewha Woman's University, Seoul.
18 Koh, S., & MacDonald, M.(2006). Financial reciprocity and elder care : Interdependent resource transfers. Journal of Family and Economic Issues 27, 420-436.   DOI
19 Koh, S.(2012a). Reciprocity on intergenerational resource transfers from middle-aged children to elderly parents. Journal of Family Resource Management Association, 16(2), 103-121.   과학기술학회마을
20 Koh, S.(2012b). Parental support for marriage formation and financial resource transfers. Journal of Family Resource Management Association, 16(3), 1-19.   과학기술학회마을
21 Lachman, E.(2001). Handbook of midlife development. John Wiley & sons, Inc: New York.
22 Kim, J.(2008). A study on the support behavior between Korean elderly parents and their adult children. Unpublished master's thesis.Seoul National University, Seoul.
23 MacDonald, M. & Koh, S.(2003). Consistent motives for inter-family transfers: simple altruism. Journal of Family and Economic Issues, 24(1), 73-98.   DOI   ScienceOn
24 Becker, S.(1991). A Treatise on the Family. Cambridge, Ma: Harvard University Press.
25 Brody, E. M.(1981). Women in the middle and family help to old people. Gerontologist, 21, 471-480.   DOI   ScienceOn
26 Cox, D. & Rank, M. R.(1992).Intervivos transfers and intergenerational exchange. Review of Economics and Statistics, 74(2), 305-314.   DOI   ScienceOn
27 Cox, D.(1987).Motives for private income transfers. Journal of Political Economy, 95, 508-546.   DOI   ScienceOn
28 Hwang, N. & Jung, J.(2009). An analysis of private transfers among the middle aged. The Annual Research Conference of the Korean Association of Public Finance, 1-22.