| Sumario: | Part of a special issue on the demography of aging. The writers consider a number of hypotheses about reasons for intergenerational transfers within the family. They employ data on time and money transfers between generations in Malaysia, where there is neither Social Security nor Medicare, to examine these hypotheses empirically. They discover evidence supporting the hypotheses that children are an important source of old age security and that old age security is, in part, children's recompense for parental investments in their education. They reveal that this repayment is partly a function of the children's income and, in the case of females, a function of their spouse's income. In addition, their findings support the hypothesis that parents and children take part in the exchange of time help for money.
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