Longitudinal analysis of exchanges of support between parents and children in the UK

12/05/2022

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by   Fiona Steele, et al.

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We consider how exchanges of support between parents and adult children vary by demographic and socio-economic characteristics and examine evidence for reciprocity in transfers and substitution between practical and financial support. Using data from the UK Household Longitudinal Study 2011-19, repeated measures of help given and received are analysed jointly using multivariate random effects probit models. Exchanges are considered from both a child and parent perspective. In the latter case, we propose a novel approach to account for correlation between mother and father reports and develop an efficient MCMC algorithm suitable for large datasets with multiple outcomes.