Israeli Attitudes About Inter Vivos Transfers

Levy Economics Institute Working Paper No. 341

11 Pages Posted: 14 Dec 2001 Last revised: 4 Jun 2013

See all articles by Seymour Spilerman

Seymour Spilerman

Columbia University

Yuval Elmelech

Bard College - The Levy Economics Institute

Date Written: November 1, 2001

Abstract

Using data from the 1994-95 Survey of Families in Israel - which includes 1,607 urban Jewish respondents interviewed on topics relating to work behavior, household income, wealth, assistance received from parents and given to children, and views about financial responsibilities between parents and children - the authors examined attitudes in Israel about intergenerational assistance and the effects of these attitudes on transfer decisions by parents. Views about parental obligations are likely not independent of a country's economic and social organization. In a country with an extensive program of public assistance for young adults, for example, there may be less need for private family transfers and less of a sense of parental responsibility for providing support. Similarly, where young couples face severe liquidity constraints or otherwise require substantial resources in order to begin a household, parental feelings of obligation might be heightened. Israel is a country in which the need for parental support is high and the level of parental involvement in the financial lives of young adults is often considerable.

Suggested Citation

Spilerman, Seymour and Elmelech, Yuval, Israeli Attitudes About Inter Vivos Transfers (November 1, 2001). Levy Economics Institute Working Paper No. 341, Available at SSRN: https://ssrn.com/abstract=294108 or http://dx.doi.org/10.2139/ssrn.294108

Seymour Spilerman (Contact Author)

Columbia University ( email )

Dept. of Sociology and Center for the Study of Wea
Knox Hall
New York, NY 10032
United States
(212) 854-4273 (Phone)
(212) 854-2963 (Fax)

Yuval Elmelech

Bard College - The Levy Economics Institute ( email )

Blithewood
Annandale-on-Hudson, NY 12504
United States

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