Financial attitudes and inter vivos resource transfers from older parents to adult children

This exploratory study combines economic, family, and decision-making conceptual models to investigate the factors influencing resource transfers as reported by older adults. Pilot data on 61 adult children was obtained during face-to-face interviews with 18 older parents. Hierarchical multiple regr...

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Bibliographic Details
Published in:Journal of family and economic issues 2007-03, Vol.28 (1), p.123-135
Main Authors: HAYHOE, Celia Ray, STEVENSON, Michelle L
Format: Article
Language:English
Subjects:
Adult children
Age
Attitudes
College students
Colleges & universities
Data analysis
Decision making
Economic models
Families & family life
Family studies
Financial resources
Generations
Intergenerational relations
Management theory
Older parents
Older people
Parent attitudes
Parent-child relations
Parents & parenting
Personal finance
Personal relationships
Regression analysis
Resource management
Retention
Sexuality. Marriage. Family relations
Social support
Sociology
Sociology of the family. Age groups
Studies
Transfer
U.S.A
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Summary:This exploratory study combines economic, family, and decision-making conceptual models to investigate the factors influencing resource transfers as reported by older adults. Pilot data on 61 adult children was obtained during face-to-face interviews with 18 older parents. Hierarchical multiple regressions were conducted to predict time (emotional support) and financial (cash and gifts) inter vivos transfers from demands, resources, values, and relationships. Positive health ratings, strong affection for the adult child, and money retention attitudes were associated with frequent emotional support. Small household size predicted frequent financial transfers. Results indicate the importance of values, resources, demands, and relationships in predicting resource transfers from older parent to adult child. [PUBLICATION ABSTRACT]
ISSN:1058-0476
1573-3475
DOI:10.1007/s10834-006-9054-3