RESOURCE TRANSFERS AND FINANCIAL SATISFACTION: A PRELIMINARY CORRELATION ANALYSIS

This is a preliminary paper that attempts to set out the conceptual framework on intergenerational transfers and outline the relationship between financial satisfaction and wealth transfers decision among the older persons. It combines the concepts of resource transfers (which is made up of time transfers and financial transfers) and financial satisfaction. The paper maps the basic theories surrounding the concepts of resource transfers and financial satisfaction, and postulates that there may exist interdependencies between time transfers, financial transfers and financial satisfaction. A preliminary pilot test was also conducted to evaluate the hypotheses set out, as an initial ground work towards the study of the overall framework.