AN OVERVIEW OF THE INTERGENERATIONAL FINANCIAL TRANSFERS IN ROMANIA

Abstract

Intergenerational transfers are one of the most important and contentious aspects of modern welfare systems. In today's societies, financial transfers between adult generations in the family are an important part of the intergenerational link. They are important not only for the family as a whole – how it distributes its resources and ensures its members' well-being – but also for broader aspects such as welfare policy, social inequality, and social integration. The financial transfers are playing an important role in accumulation and distribution of the wealth. In consequence these financial transfers are important not only for the individuals, but also for the social aspects of the wealth redistribution. Using the dataset provided by Survey of Health, Ageing and Retirement in Europe (SHARE), we want to create the profile of the persons over 50 from Romania that give and receive financial aid.

Keywords

• share