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Intergenerational Support and the Life-Cycle Incomes of Young Men and Their Parents: Human Capital Investments, Coresidence, and Intergenerational Financial Transfers
Abstract
This article examines the resource allocations of parents in the form of both shared residence with and financial transfers to their young adult sons. Based on an overlapping generations model incorporating a game between parents and adult children, estimates of the determinants of such transfers are obtained from the kinship-linked cohorts of the National Longitudinal Surveys. The estimates suggest that both types of parental assistance are as important as governmental transfers in supporting young men and are responsive to the current and anticipated earnings of their offspring, suggesting that young men cannot adequately smooth their consumption without parental help.
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Citations
Cited by
Integrating Psychological Contracts and Ecosystems in Career Studies and Management
Baruch, Y., & Rousseau, D. M. (2019) · Academy of Management Annals · doi:10.5465/annals.2016.0103 · Cited by 282
Prices, Parents, and Young People's Household Formation
Ermisch, J. (1999) · Journal of Urban Economics · doi:10.1006/juec.1998.2083 · Cited by 271
Selection of Children To Provide Care: The Effect of Earlier Parental Transfers
Henretta, J. C., Hill, M. S., Li, W., Soldo, B. J., & Wolf, D. A. (1997) · The Journals of Gerontology Series B: Psychological Sciences and Social Sciences · doi:10.1093/geronb/52b.special_issue.110 · Cited by 202
Metadata
- Authors
- Rosenzweig, M. R., & Wolpin, K. I.
- Venue
- Journal of Labor Economics
- Publisher
- University of Chicago Press
- Published
- 1993-01
- Volume
- 11
- Issue
- 1, Part 1
- Pages
- 84-112
- ISSN
- 0734-306X (ISSN-L)
- 1537-5307
- OpenAlex
- W2077551937
- Cited by
- 239
- References
- 0
- FWCI
- 14.97
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Intergenerational Support and the Life-Cycle Incomes of Young Men and Their Parents: Human Capital Investments, Coresidence, and Intergenerational Financial Transfers. https://app.cochat.ai/papers/10.1086/298318
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- Rosenzweig, M. R., & Wolpin, K. I. (1993). Intergenerational Support and the Life-Cycle Incomes of Young Men and Their Parents: Human Capital Investments, Coresidence, and Intergenerational Financial Transfers. Journal of Labor Economics. https://doi.org/10.1086/298318
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
