EMPIRICAL STUDY OF INTERGENERATIONAL-TRANSFER MOTIVES

拟议的研究解决了以下问题： 家庭成员之间代际收入转移的动机？ 两种可能的动机被认为是利他主义和交换。父母可能 出于利他主义给他们的成年子女。他们关心他们， 从给予中获得替代的满足。或者，捐助者可以 期望他们的转移得到回报，比如注意力， 陪伴或情感支持这些交流可能是 是长期合同的一部分，还是长期合同的一部分。 私人转移动机的问题很重要，因为他们可以 决定公共再分配政策的结果。但我们的 了解私人资金转移如何对经济状况作出反应， 由于数据的稀缺，这一数字非常有限。 转移行为是在替代动机下建模的--利他主义和 交换-和影响服从实证检验得出。的 全国家庭和住户调查（NSFH）将用于 对私人转移支付的动机进行实证研究。NSFH已经 关于私人资金代间转移和代内转移的资料 实物，服务相关的转让，如转让和联系。数据 一套载有有关家庭结构及生活的详尽资料， 除了劳动力市场、人口统计和消费者- 资产负债表信息。所有这些都与转移问题有关 动机.为了补充NSFH的经验工作，一个小的，在 深入调查将进行捕捉更微妙的方面， 代际转移 实证结果将有助于我们深入了解私人内部投资的原因。 发生代际转移，并有助于我们理解 公共和私人转让之间的相互作用。

The proposed research addresses the following question: What is the motivation for intergenerational income transfers among family members? Two possible motives are considered--altruism and exchange. Parents might give to their adult children out of altruism. They care about them and derive vicarious satisfaction from giving. Alternatively, donors could expect something in return for their transfers, such as attention, companionship, or emotional support. These exchanges might be contemporaneous or part of a long-term contract. The question of private-transfer motives is important, because they can determine the outcomes of public-redistribution policies. But our knowledge of how private transfers respond to economic conditions is quite limited, due to scarcity of data. Transfer behavior is modeled under alternative motives--altruism and exchange--and implications amenable to empirical testing are derived. The National Survey of Families and Households (NSFH) will be used to investigate empirically the motives for private transfers. The NSFH has information on both private financial intergenerational transfers and in- kind, service-related transfers, such as caregiving and contact. The data set contains comprehensive information on family structure and living arrangements, in addition to labor market, demographic, and consumer- balance-sheet information. All are relevant to the question of transfer motives. To supplement the empirical work with the NSFH, a small, in depth survey will be conducted to capture the more subtle aspects of intergenerational transfers. The empirical results will give insights into the reasons private inter- generational transfers occur, and contribute to our understanding of the interplay between public and private transfers.