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Journal of Family and Economic Issues

, Volume 27, Issue 2, pp 375–400 | Cite as

Time and Financial Transfers Within and Beyond the Family

  • Honggao CaoEmail author
Article

ABSTRACT

Research on time and financial transfers is often conducted along two distinct lines—transfers within the family and transfers beyond the family—without considering the fact that these transfers are actually interrelated. Using longitudinal data from the Health and Retirement Study (HRS), this article investigates the links between the two groups of transfers. Transfers within and beyond the family were found to be complements. Income and wealth are strong predictors of financial transfers. Black and Hispanic families lag systematically in the generosity to help the people both within and beyond their families.

Keywords

Charitable donation family transfer HRS time and financial transfers volunteer work 

Notes

Acknowledgment

The author thanks Daniel H. Hill, Robert J. Willis, and anonymous reviewers for their constructive comments on an earlier version of this article. The author, however, is responsible for any possible errors.

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Copyright information

© Springer Science+Business Media, Inc. 2006

Authors and Affiliations

  1. 1.Institute for Social ResearchUniversity of MichiganAnn ArborUSA

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