UM09-18: Geographical Proximity and Intergenerational Transfers



Individuals in families with less human capital appear to rely more on family transfers of time and money, and to rely less on the market. This implies that some portion of social security income received by individuals in families with less human capital may be transferred to others within the family, and may affect the well-being of adult children and grandchildren. Because geographical proximity is crucial to intergenerational exchanges involving time (e.g., child care; long-term care), we propose to analyze the determinants of proximity and its relation to intergenerational transfers of time and money.


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