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Article: Number of children and upstream intergenerational financial transfers: Evidence from Hong Kong

TitleNumber of children and upstream intergenerational financial transfers: Evidence from Hong Kong
Authors
KeywordsAdult children
Chinese
Elderly parents
Intergenerational transfers
Issue Date2010
PublisherOxford University Press. The Journal's web site is located at http://www.gerontologyjournals.org
Citation
Journals Of Gerontology - Series B Psychological Sciences And Social Sciences, 2010, v. 65 B n. 2, p. 227-235 How to Cite?
AbstractObjectives. This study examined financial transfers from adult children to elderly parents in Hong Kong and tested three hypotheses about the motives for such transfers. We address previous research, suggesting that family financial support for retirees will decline in the coming decades as a consequence of the reduction in the fertility rate; we also examine whether financial transfers are a function of the number of adult children in the family. Methods. We used multiple regression models based on data from a representative sample of parents aged 60 years and older to identify the correlates of the amount of transfers from adult children to their elderly parents. Results. We found evidence for the hypothesis that upstream transfers to elderly parents are their way of withdrawing savings from a "support bank" in which they made contribution for their children's education earlier in life and that transfers are altruistic in nature, but our results provide only moderate support to the old age security hypothesis that perceives family as a source of capital. Discussion. The number of children has a ceiling effect on transfers, which calls into question common assumptions about the extent to which the decline in fertility will pose a severe threat to the extent of familial support of older persons over the coming decades.
Persistent Identifierhttp://hdl.handle.net/10722/125369
ISSN
2014 Impact Factor: 3.213
ISI Accession Number ID
Funding AgencyGrant Number
Research Grant CouncilHKU 7420/05H
Funding Information:

Research Grant Council (HKU 7420/05H).

References
Grants

 

DC FieldValueLanguage
dc.contributor.authorChou, KLen_HK
dc.date.accessioned2010-10-31T11:27:18Z-
dc.date.available2010-10-31T11:27:18Z-
dc.date.issued2010en_HK
dc.identifier.citationJournals Of Gerontology - Series B Psychological Sciences And Social Sciences, 2010, v. 65 B n. 2, p. 227-235en_HK
dc.identifier.issn1079-5014en_HK
dc.identifier.urihttp://hdl.handle.net/10722/125369-
dc.description.abstractObjectives. This study examined financial transfers from adult children to elderly parents in Hong Kong and tested three hypotheses about the motives for such transfers. We address previous research, suggesting that family financial support for retirees will decline in the coming decades as a consequence of the reduction in the fertility rate; we also examine whether financial transfers are a function of the number of adult children in the family. Methods. We used multiple regression models based on data from a representative sample of parents aged 60 years and older to identify the correlates of the amount of transfers from adult children to their elderly parents. Results. We found evidence for the hypothesis that upstream transfers to elderly parents are their way of withdrawing savings from a "support bank" in which they made contribution for their children's education earlier in life and that transfers are altruistic in nature, but our results provide only moderate support to the old age security hypothesis that perceives family as a source of capital. Discussion. The number of children has a ceiling effect on transfers, which calls into question common assumptions about the extent to which the decline in fertility will pose a severe threat to the extent of familial support of older persons over the coming decades.en_HK
dc.languageengen_HK
dc.publisherOxford University Press. The Journal's web site is located at http://www.gerontologyjournals.orgen_HK
dc.relation.ispartofJournals of Gerontology - Series B Psychological Sciences and Social Sciencesen_HK
dc.rightsThis is a pre-copy-editing, author-produced PDF of an article accepted for publication in Journals of Gerontology. Series B: Psychological Sciences & Social Sciences following peer review. The definitive publisher-authenticated version Journals of Gerontology. Series B: Psychological Sciences & Social Sciences, 2010, v. 65, p. 227-235 is available online at: http://psychsocgerontology.oxfordjournals.org/content/65B/2/227en_HK
dc.subjectAdult childrenen_HK
dc.subjectChineseen_HK
dc.subjectElderly parentsen_HK
dc.subjectIntergenerational transfersen_HK
dc.titleNumber of children and upstream intergenerational financial transfers: Evidence from Hong Kongen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1079-5014&volume=65&spage=227&epage=235&date=2010&atitle=Number+of+children+and+upstream+intergenerational+financial+transfers:+Evidence+from+Hong+Kong-
dc.identifier.emailChou, KL: klchou@hku.hken_HK
dc.identifier.authorityChou, KL=rp00583en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1093/geronb/gbp103en_HK
dc.identifier.pmid20008484en_HK
dc.identifier.scopuseid_2-s2.0-77249099890en_HK
dc.identifier.hkuros181448en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77249099890&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume65 Ben_HK
dc.identifier.issue2en_HK
dc.identifier.spage227en_HK
dc.identifier.epage235en_HK
dc.identifier.isiWOS:000274780100010-
dc.publisher.placeUnited Statesen_HK
dc.relation.projectA study on a financially sustainable retirement protection system in Hong Kong-
dc.identifier.scopusauthoridChou, KL=7201905320en_HK

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