Abstract

This study examines the relationship between intergenerational financial resource transfers and preparation for later life among the middle-aged. The study sample consists of 1536 middle-aged individuals with at least one living parent and one married child. The level of preparation for later life is dependent upon the level of household economic status. The statistically significant variables predicting the level of preparation for later life include age, education, subjective health status, household income and household assets. Moreover, intergenerational resource transfers are statistically significant factors that explain the level of preparation for later life. The effect of financial transfers from middle-aged parents to their adult children on the level of preparation for later life is the most significant financial transfer variable.

Keywords

• preparation for later life;
• financial resource transfers;
• intergenerational relationships;
• private transfer;
• middle-aged

• 노후생활 준비;
• 경제적 자원이전;
• 세대관계;
• 사적이전;
• 중년기;