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Article: Number of children and upstream intergenerational financial transfers: Evidence from Hong Kong
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TitleNumber of children and upstream intergenerational financial transfers: Evidence from Hong Kong
 
AuthorsChou, KL1
 
KeywordsAdult children
Chinese
Elderly parents
Intergenerational transfers
 
Issue Date2010
 
PublisherOxford University Press. The Journal's web site is located at http://www.gerontologyjournals.org
 
CitationJournals Of Gerontology - Series B Psychological Sciences And Social Sciences, 2010, v. 65 B n. 2, p. 227-235 [How to Cite?]
DOI: http://dx.doi.org/10.1093/geronb/gbp103
 
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.
 
ISSN1079-5014
2012 Impact Factor: 3.006
2012 SCImago Journal Rankings: 1.328
 
DOIhttp://dx.doi.org/10.1093/geronb/gbp103
 
ISI Accession Number IDWOS:000274780100010
Funding AgencyGrant Number
Research Grant CouncilHKU 7420/05H
Funding Information:

Research Grant Council (HKU 7420/05H).

 
ReferencesReferences in Scopus
 
GrantsA study on a financially sustainable retirement protection system in Hong Kong
 
DC FieldValue
dc.contributor.authorChou, KL
 
dc.date.accessioned2010-10-31T11:27:18Z
 
dc.date.available2010-10-31T11:27:18Z
 
dc.date.issued2010
 
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.
 
dc.description.natureLink_to_subscribed_fulltext
 
dc.identifier.citationJournals Of Gerontology - Series B Psychological Sciences And Social Sciences, 2010, v. 65 B n. 2, p. 227-235 [How to Cite?]
DOI: http://dx.doi.org/10.1093/geronb/gbp103
 
dc.identifier.doihttp://dx.doi.org/10.1093/geronb/gbp103
 
dc.identifier.epage235
 
dc.identifier.hkuros181448
 
dc.identifier.isiWOS:000274780100010
Funding AgencyGrant Number
Research Grant CouncilHKU 7420/05H
Funding Information:

Research Grant Council (HKU 7420/05H).

 
dc.identifier.issn1079-5014
2012 Impact Factor: 3.006
2012 SCImago Journal Rankings: 1.328
 
dc.identifier.issue2
 
dc.identifier.openurl
 
dc.identifier.pmid20008484
 
dc.identifier.scopuseid_2-s2.0-77249099890
 
dc.identifier.spage227
 
dc.identifier.urihttp://hdl.handle.net/10722/125369
 
dc.identifier.volume65 B
 
dc.languageeng
 
dc.publisherOxford University Press. The Journal's web site is located at http://www.gerontologyjournals.org
 
dc.publisher.placeUnited States
 
dc.relation.ispartofJournals of Gerontology - Series B Psychological Sciences and Social Sciences
 
dc.relation.projectA study on a financially sustainable retirement protection system in Hong Kong
 
dc.relation.referencesReferences in Scopus
 
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/2/227
 
dc.subjectAdult children
 
dc.subjectChinese
 
dc.subjectElderly parents
 
dc.subjectIntergenerational transfers
 
dc.titleNumber of children and upstream intergenerational financial transfers: Evidence from Hong Kong
 
dc.typeArticle
 
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Author Affiliations
  1. The University of Hong Kong