I examine motives behind interhousehold upstream transfers using a sample of child-parent pairs in South Korea. The estimation results indicate that upstream transfers in Korea cannot be explained by just one motive. I find evidence that altruism is the dominant motive at the margin if parental...

This paper tests whether interhousehold transfers from children to parents in developing countries are motivated by altruism or intended to be repayments of implicit parental loans taken up by children for human capital investment. For the test, a sample of child-parent pairs is constructed by...