No free lunch, buddy: past housing transfers and informal care later in life

No free lunch, buddy: past housing transfers and informal care later in life Rev Econ Household DOI 10.1007/s11150-018-9417-1 No free lunch, buddy: past housing transfers and informal care later in life 1,2 3,4 Emanuele Ciani Claudio Deiana Received: 5 May 2017 / Accepted: 6 May 2018 © Springer Science+Business Media, LLC, part of Springer Nature 2018 Abstract Previous empirical literature on the relation between intergenerational transfer of assets and services has mostly focused on contemporary exchanges. By contrast, we provide novel evidence showing that parents who helped their adult children in the past are rewarded by higher chances of receiving informal care later in life. To this end we use Italian data containing precise retrospective information about the help with housing that couples received from their parents when they got married, such as a real estate donation or down payment. Our estimates show that this type of past help is positively associated with the current provision of informal care to the parents. This result is robust to controlling for a large set of individual and family characteristics and is only partially due to increased geographical proximity. We suggest that this finding can be explained by mixed self-interest motives, related to theories based on either bilateral exchange or the presence of a third http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Economics of the Household Springer Journals

No free lunch, buddy: past housing transfers and informal care later in life

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Publisher
Springer US
Copyright
Copyright © 2018 by Springer Science+Business Media, LLC, part of Springer Nature
Subject
Economics; Microeconomics; Labor Economics; Population Economics; Social Sciences, general
ISSN
1569-5239
eISSN
1573-7152
D.O.I.
10.1007/s11150-018-9417-1
Publisher site
See Article on Publisher Site

Abstract

Rev Econ Household DOI 10.1007/s11150-018-9417-1 No free lunch, buddy: past housing transfers and informal care later in life 1,2 3,4 Emanuele Ciani Claudio Deiana Received: 5 May 2017 / Accepted: 6 May 2018 © Springer Science+Business Media, LLC, part of Springer Nature 2018 Abstract Previous empirical literature on the relation between intergenerational transfer of assets and services has mostly focused on contemporary exchanges. By contrast, we provide novel evidence showing that parents who helped their adult children in the past are rewarded by higher chances of receiving informal care later in life. To this end we use Italian data containing precise retrospective information about the help with housing that couples received from their parents when they got married, such as a real estate donation or down payment. Our estimates show that this type of past help is positively associated with the current provision of informal care to the parents. This result is robust to controlling for a large set of individual and family characteristics and is only partially due to increased geographical proximity. We suggest that this finding can be explained by mixed self-interest motives, related to theories based on either bilateral exchange or the presence of a third

Journal

Review of Economics of the HouseholdSpringer Journals

Published: May 31, 2018

References

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