Intergenerational transfers of time and money over the life course

Transfers between generations are common throughout the life course and are important for the maintenance of well-being during hard times and the enhancement of family relationships. This chapter outlines the theoretical motivations for family transfers and summarizes empirical work describing both intergenerational family ties and the transfers of time, money, and coresidence that families provide to one another in the United States. We provide new estimates of kin networks and family transfers from the 2013 Panel Study of Income Dynamics. We pay particular attention to differences in the prevalence, extent, and types of intergenerational transfers by race/ethnicity, gender, and socioeconomic status.