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KMID : 0379220210410020253
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Journal of Korea Gerontological Society
2021 Volume.41 No. 2 p.253 ~ p.270
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Intergenerational proximity and financial support to older parents
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Choi Hee-Jeong
Nam Bo-Ram
You Soo-Bin
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Abstract
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We examined if intergenerational proximity might be associated with upstream financial transfer from adult children to older parents, and whether adult child gender might moderate the association. We considered siblings’ proximity to parents, as well as that of the adult child. Prior work conducted in the US and other countries has suggested that children living further from parents might provide financial support to compensate for instrumental support provided more by siblings living closer to parents. Data were drawn from the Korean Longitudinal Study of Ageing (2014). Our analytic sample consisted of older adults 60+ and their children aged 35 and 55. None of the children co-resided with parents. Parental households consisted of either widowed individuals or married couples. For within-family analyses, fixed effects and random effects regression models were estimated. Results suggest first, sons living within a 30-minute distance, or within an hour to two-hour distance provided more monetary support to married parents compared to daughters. Second, contrary to existing findings, greater financial assistance was provided by sons and daughters when no children lived within an hour distance from their parents. For widowed parents living alone, intergenerational proximity was not associated with the amount of financial transfer from adult children.
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KEYWORD
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intergenerational financial transfer, intergenerational proximity, siblings, the Korean Longitudinal Study of Ageing, within-family analyses
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