Determinants and Consequences of Family Transfer

描述（由申请人提供）：如果支持，这个为期三年的项目将开发新的理论和经验模型，以更好地了解代际转移的时间，幅度和后果。我们的理论工作将开发模型，可以更好地匹配有关家庭内部转移时间的经验事实，并可以帮助解释“捆绑”教育和住房转移的流行。我们还开发了潜在的创新方法来评估合作模型比非合作模型更好地匹配行为的情况。更好的代际转移的基本行为模型将提高研究人员和政策制定者对家庭内部代际联系、美国年轻人的人力资本形成以及公共政策和家庭相互作用影响行为的方式的理解。我们建议的实证工作集中在1）捆绑转移在理解大学入学和毕业的作用，2）转移的合作模式的影响的实证检验，3）退休对体内转移的影响，4）遗产税和赠与税的变化对体内转移的影响，（5）对时间和金钱的体内转移的联合估计以及探索转移的补偿程度的相关项目。实证项目测试代际转移的新行为模型的具体含义，因此可以证明（或证伪）他们的能力，以更好地理解行为。同样重要的是，我们解决实际的政策问题，退休影响转移的程度，遗产和赠与税对生前转移的影响，以及家庭在家庭成员之间有效分配资源的程度。我们的实证工作将基于健康和退休研究（和AHEAD），威斯康星州纵向调查（WLS）和消费者财务调查的补充转移问题。共同调查人员正在帮助设计新的转让信息在2003年波的WLS和理想的位置，以分析 这些数据。

DESCRIPTION (provided by applicant): If supported, this three-year project will develop new theoretical and empirical models to better understand the timing, magnitude, and consequences of intergenerational transfers. Our theoretical work will develop models that can better match empirical facts about the timing of transfers within the family, and can help explain the prevalence of "tied" educational and housing transfers. We also develop potentially innovative ways to assess circumstances under which cooperative models better match behavior than non-cooperative models. Better underlying behavioral models of intergenerational transfers will enhance researchers' and policy-makers' understanding of intergenerational linkages within families, human capital formation of young Americans, and the way public policies and families interact to affect behavior. Our proposed empirical work focuses on 1) the role of tied transfers in understanding college attendance and graduation, 2) empirical tests of the implications of cooperative models of transfers, 3) the effects of retirement on inter-vivo transfers, 4) the effects of estate and gift tax changes on inter-vivo transfers, and 5) the joint estimation of inter-vivo transfers of time and money and related projects exploring the degree to which transfers are compensatory. The empirical projects test specific implications of new behavioral models of intergenerational transfers, and hence can demonstrate (or falsify) their ability to better understand behavior. Equally importantly, we address practical policy questions about the degree to which retirement affects transfers, about the effects of estate and gift taxation on inter-vivos transfers, and about the degree to which families efficiently allocate resources across family members. Our empirical work will be based on complementary transfer questions from the Health and Retirement Study (and AHEAD), the Wisconsin Longitudinal Survey (WLS), and the Surveys of Consumer Finances. The co-investigators are helping to design new transfers information in the 2003 wave of the WLS and are ideally situated to analyze these data.