Intergenerational Wealth Transfers, Health and Wellbeing Outcomes

Centre PersonnelHa Nguyen
External PersonnelRachel Ong ViforJ, Garth Kendall
Project FundingBankwest Curtin Economics Centre
Project StatusComplete (March 2015 to May 2016)

Project Summary

Economic strain can lead to poor health and wellbeing across the life course. Inter-generational wealth transfers and differential access to accumulated wealth are both mechanisms that are likely to promote health inequalities and yet few studies have been conducted due to the lack of suitable data. Using individual and household level longitudinal data from the 2001-2013 Household, Income and Labour Dynamics in Australia (HILDA) Survey the relationship between intergenerational wealth transfers and health was examined.

The likelihood of receiving an inheritance or bequest increased with age while the receipt of parental transfers was more frequently observed among young people. After adjusting for other variables, intergenerational transfers were not statistically related to any aspect of physical or mental health, but there was a very strong association between the amount of intergenerational transfer received and economic security perception. The findings are interpreted and discussed with regard to extant literature. Key issues for policy consideration are identified and a number of suggestions are made for future research.

 

Project Outputs

The association between income, wealth, economic security perception, and health: a longitudinal Australian study Garth Kendall, Ha Nguyen, Rachel Ong ViforJ The study used data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey to explore three hypotheses: (1) that income and wealth both predict economic security perception, mental health, and physical health; (2) that gradients in health outcomes... Read article 15 October 2018Journal Articles Read More
The impact of intergenerational financial transfers on health and wellbeing outcomes: A longitudinal study Rachel Ong ViforJ, Toan Nguyen, Garth Kendall This paper estimates the impacts of intergenerational financial transfers on the physical health, mental health and perceived financial security of Australian males and females. We distinguish between two key sources of intergenerational financial transfers – inheritances and inter vivos parental... Read article 25 August 2018Journal Articles Read More
The impact of differentiated access to income and wealth on health and wellbeing outcomes: a longitudinal Australian study Garth Kendall, Ha Nguyen, Rachel Ong ViforJ It is very likely that differential access to income and accumulated wealth are both mechanisms that promote growing inequalities between individuals and families in Australia. If this proposition is true, it is important to know the extent to which this... Read article 1 January 2017Working Papers Read More