Passing it on: Parent-to-adult child financial transfers for school and socioeconomic attainment

E Rauscher - RSF: The Russell Sage Foundation Journal of the …, 2016 - rsfjournal.org
As wealth inequality increases, the importance of parental financial transfers for
socioeconomic attainment may also rise. Using data from the 2013 Panel Study of Income
Dynamics Rosters and Transfers Module, this study investigates two questions: how
parental financial transfers for education have changed over time, and what the relationship
is between these transfers and adult socioeconomic outcomes. Results suggest that
transfers for education have increased, have become more commonplace, and have …