INTERGENERATIONAL FINANCIAL ASSISTANCE IN FAMILIES

该项目的主要目标是评估生活中的变化 父母和孩子的病程都影响着发病率、方向和 父母对其成年子女的经济援助数额， 以及这些孩子的兄弟姐妹，从成年子女到他们的 父母。来自全国纵向调查的所有五个队列的数据 劳动力市场体验--青壮年男女与 青年群体--将合并并链接成成对的兄弟姐妹和/或 父母/孩子的匹配按性别和种族分层。纵向信息 在这些配对上将被用来根据种族和性别获得估计， 代际财政转移的重要性(一)相对于 受赠者和捐赠者的收入以及(2)相对于 按方案类型分列的公共援助收入数额 父母和他们的成年人共同生命周期的很大一部分 儿童(17岁以下)。还将获得(A)如何获得估计数 年家庭结构(生育率、离婚、死亡)、工资率、 在疾病和其他生命周期的发病率中，失业意味着 “孩子”和“父母”这两代人的事件共同影响着 它们之间的资金援助流动和(B)公共部门的影响 代际家庭转移的转移收入。这些分析将 采用评估程序和规范，以允许 时间持续不可观测的存在与世代相关， 对于内生性劳动力供给和储蓄行为，以及对于战略 行为。代际迁移的行为模型 不确定性和动态行为将通过 目标是更好地理解 代际转移和评估之前的稳健性 关于交换与利他主义动机的发现引入更多 关于种群和生命周期异质性的现实假设 行为。因此，合并的队列数据小组将被用来确定 不同但同时发生的生命周期事件的后果 父母及其成年子女的经历在和之间分享 以及公共项目如何影响这些代际 财务联系--时代。

The principal objective of the project is to assess how changes in the life course of both parents and children influence the incidence, direction and magnitudes of financial assistance from parents to their adult children, and the siblings of these children, and from adult children to their parents. Data from all five cohorts of the National Longitudinal Surveys of Labor Market Experience--the Young and Mature Men and Women and the Youth cohorts--will be combined and linked to form pairs of siblings and/or parent/child matches stratified by sex and race. Longitudinal information on these matched pairs will be used to obtain estimates, by race and sex, of the importance of intergenerational financial transfers (i) relative to the incomes of both recipients and of donors and (ii) relative to the amount of public assistance income, by program type, received over a substantial fraction of the joint life cycles of parents and their adult children (up to 17 years). Estimates will also be obtained of (a) how changes in family structure (fertility, divorce, death), in wage rates, in unemployment spells, in the incidence of illness and other life-cycle events in both the "child" and "parental" generations jointly influence the flows of finance assistance between them and (b) the effects of public transfer income on intergenerational family transfers. The analyses will employ estimation procedures and specifications that allow for the existence of time persistent unobservables correlated across generations, for endogenous labor supply and savings behavior and for strategic behavior. Behavioral models of intergenerational transfers incorporating uncertainty and dynamic behavior will be developed and estimated with the objective of achieving a better understanding of the motivations for intergenerational transfers and for evaluating the robustness of prior findings on exchange versus altruistic motives to the introduction of more realistic assumptions about the heterogeneity of populations and life cycle behavior. The merged panels of cohort data will thus be used to ascertain how the consequences of differing but contemporaneous life-cycle events experienced by parents and their adult children are shared between and across generations and how public programs affect these intergenerational financial link-ages.