CHANGES IN FINANCIAL AND TIME TRANSFERS WITH PARENTS OVER 25 YEARS: EVIDENCE FROM THE 1988 AND 2013 PSID. (11th November 2018)

• Record Type: Journal Article
• Authors: Wiemers, E E; Park, S S; Seltzer, J A; Sohn, H
• Is Part Of: Innovation in aging. Volume 2(2018)Supplement 1
• Page Start: 10
• Page End: 10
• Publication Date: 2018-11-11
• Subjects: Aging -- Periodicals; Gerontology -- Periodicals; 612.67
• DOI: 10.1093/geroni/igy023.032
• Languages: English
• ISSNs: 2399-5300

Abstract

Abstract: American families have undergone dramatic changes in generational structure and composition over the last 25 years. This paper uses data on family relationships and transfers for households in the Panel Study of Income Dynamics (PSID) in the 1988 Time and Money Transfer Module and in the 2013 Roster and Transfers Module to examine changes over the last 25 years in financial and time transfers between adult children and their parents. We describe the financial and time transfers that PSID families engage in with their parents in 1988 and 2013 and use a decomposition model to estimate the extent to which changes in the incidence and amount of transfers over time are a result of changes in family structure, or changes in the relationship between family structure and transfer behavior. We focus in particular on changes in the age and number of living parents and the increase in step parent ties.