Private Interhousehold Transfers of Money and Time: New Empirical Evidence

by Robert F. Schoeni

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Within the family, workers are born, goods are produced, tastes are formed, decisions to work are made, and resources are redistributed. This paper investigates the last of these roles, that is, the transfer of resources (money and time help) among family and friends. This paper starts with a synthesis of previous empirical studies of private transfers of money and time. A new data set on private transfers, a supplement to the 1988 panel Study of Income Dynamics (PSID), is discussed in Section II. In Section III the PSID data are analyzed. A concluding section synthesizes the new results and the earlier findings in an attempt to establish a group of "stylized facts" regarding private interhousehold transfers.

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