Asset or burden? Impact of children on parents' retirement

被引：2
|
作者：
Jeong, Su Yeon [1 ]
Kim, Jinyoung [2 ,3 ]
机构：
[1] Human Resources Dev Serv Korea, 345 Jongga Ro, Ulsan 44538, South Korea
[2] Korea Univ, 145 Anam Ro, Seoul 02841, South Korea
[3] IZA, 145 Anam Ro, Seoul 02841, South Korea
来源：
JOURNAL OF ASIAN ECONOMICS | 2020年 / 71卷
关键词：
Retirement; Quantity and quality of children; Old-age support; LABOR-FORCE PARTICIPATION; SOCIAL-SECURITY; TWIN BIRTHS; INVESTMENTS; TRANSFERS; DECISION; HEALTH; MODEL;
D O I：
10.1016/j.asieco.2020.101251
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
If parents receive financial support in retirement from their children, having more children with higher earning power may expedite their retirement. On the other hand, retirement may be delayed if parents are burdened with educational expenses for children. We empirically investigate how the quantity and the education of children influence their parents' retirement decisions. Due to the endogeneity of childrearing in the retirement decision, we employ the instrumental variable method with twin births and child deaths as instruments. We find that parents retire earlier when they have more children and better educated children and they receive a significant amount of transfers from children. (C) 2020 Elsevier Inc. All rights reserved.
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页数：14
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