In economies dominated by the informal sector such as Indonesia, the Philippines and Mexico, many older persons own farms and other forms of property and they often continue to work until very old ages and this enables them to make transfers to younger family members. Also, as noted in chapter 3, many older persons continue to be the head of households in extended living arrangements and thus, remittances received by them are redistributed to other younger family members (Lee and Others, 2011). In Latin American countries with generous public transfers favouring older persons such as Brazil and Uruguay, older people are relatively well off and tend to make substantial transfers to younger family members. A Brazilian aged 65 or over, on average, receives public transfers covering 90 per cent of their consumption and makes net private transfers as large as one third of their consumption to their family (Turra, Queiroz and Neto, 2011).