INTERGENERATIONAL FINANCIAL ASSISTANCE IN FAMILIES

该项目的主要目标是评估生活中的变化 父母和子女的过程影响着发病率、方向和 父母向其成年子女提供的经济援助的数额， 以及这些孩子的兄弟姐妹，从成年的孩子到他们的 父母 来自全国纵向调查所有五个队列的数据 劳动力市场经验-青年和成年男女以及 青年组-将合并和联系起来，组成兄弟姐妹对和/或 按性别和种族分层的父母/子女匹配。 纵向信息 将使用这些配对的数据来获得估计值，按种族和性别， （i）代际资金转移的重要性， （二）捐赠者和受益者的收入; 按计划类型划分的公共援助收入金额， 父母和他们的成年人的联合生命周期的很大一部分 儿童（17岁以下）。 估计还将获得（a）如何 家庭结构（生育、离婚、死亡）、工资率、 在疾病和其他生命周期中， “孩子”和“父母”两代人的事件共同影响着 （B）公共财政的影响 家庭代际转移收入。 分析将 采用估算程序和规范， 存在跨代相关的时间持续不可观测的量， 内生劳动力供给和储蓄行为以及战略性 行为 代际转移的行为模式， 不确定性和动态行为将开发和估计与 更好地了解促进人权的动机的目标 代际转移和评估以前的稳健性 研究结果的交换与利他动机，以引进更多的 对种群异质性和生命周期的现实假设 行为 因此，合并的队列数据组将用于确定 不同但同时发生的生命周期事件的后果 父母和他们的成年子女所经历的是共享的， 以及公共项目如何影响这些代际关系 金融链接

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.