We study the nature and pattern of inter vivos two-sided intergenerational transfers of money and time between parents and adult children. Using data the 1988 cross-section of the PSID, we examine empirically the existence of altruism and exchange between two successive generations. Our empirical findings support the notion that intergenerational transfers are motivated by altruism. They do not su... read morepport the presence of an exchange motive.read less
Ioannides, Yannis M. and Kamhon Kan. "The Nature of Two-Directional Intergenerational Transfers of Money and Time: An Empirical Analysis." In Economics of Reciprocity, Gift-Giving and Altruism, edited by L.A. Gerard-Varet, S.C. Kolm, and Jean Mercier-Ythier, 314-331. London: Macmillan, 2000.