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Intergenerational Relations in European Context

RN01S21

Fri 28. 8.  16:00 - 17:30
room FA 203

Transfers between adult children and elderly parents: Hungary in European context

RN01

Medgyesi, Márton
TARKI Social Research Instiute, Hungary

In times of population aging and its pressure on social security programmes it is particularly important to understand the determinants of intergenerational family transfers. Here we study exchanges of support between elderly parents and their children in Hungary, which is a rapidly ageing country with relatively low state involvement in elderly care. We describe patterns of time transfers and financial transfers using data from the Survey of Health Ageing and Retirement in Europe (SHARE) wave 4. One aim of the analysis is to situate Hungary among the transfer regimes typical in European countries and the other is to describe the main determinants of private transfers and compare Hungary to other EU countries. The occurrence and the determinants of both upward and downward financial and time transfers were studied. Multivariate models of the probability of transfers were constructed with both parental and child characteristics as explanatory variables. Results showed that time transfers (personal care and household help) were received by the more „needy” parents, those living alone and having health problems. A gender bias in support was also evident: parents were more likely to receive help and care from daughters compared to sons. The analysis revealed that time transfers given to children are determined by parental availability (relatively young, not in employment) and also proximity to children. Financial transfers given to children are most importantly determined by parental status (high education, income, employment).