Time and Money: Social Security Benefits and Intergenerational Transfers

10 Pages Posted: 5 May 2018

See all articles by Anita Mukherjee

Anita Mukherjee

University of Wisconsin - Madison - School of Business

Date Written: April 19, 2018

Abstract

I examine the relationship between Social Security benefits, a major component of income in older age, and intergenerational transfers of financial help and care-giving. I find that the net pass-through rate of Social Security benefits from parents to children is about 15 percent, including only monetary inter vivos transfers. Parents with higher Social Security benefits provide more hours of help to children in the form of grandchild care, even though children significantly withdraw care-giving to parents along this dimension. Taken together, these results are consistent with parental altruism and have strong implications for the distributional consequences of Social Security reform.

Keywords: Social Security, Intergenerational Transfers, Care-Giving

JEL Classification: D14, J14, J22

Suggested Citation

Mukherjee, Anita, Time and Money: Social Security Benefits and Intergenerational Transfers (April 19, 2018). Available at SSRN: https://ssrn.com/abstract=3165828 or http://dx.doi.org/10.2139/ssrn.3165828

Anita Mukherjee (Contact Author)

University of Wisconsin - Madison - School of Business ( email )

975 University Avenue
Madison, WI 53706
United States

HOME PAGE: http://www.anitamukherjee.com

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