The salience of children to household financial decisions

被引：5

作者：

Fang, Jiali ^{[1
]}

Liu, Na ^{[2
]}

de Bruin, Anne ^{[1
]}

Wongchoti, Udomsak ^{[1
]}

机构：

[1] Massey Univ, Palmerston North, New Zealand

[2] Xiangtan Univ, Business Sch, Xiangtan, Peoples R China

来源：

JOURNAL OF BANKING & FINANCE | 2022年 / 139卷

关键词：

Household financial decisions; Son preference; Children; China; INCOME RISK; INSURANCE; SAVINGS; DEMAND; WEALTH; PARTICIPATION; INVESTMENT; LITERACY; MARKETS;

D O I：

10.1016/j.jbankfin.2022.106479

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Theoretical and empirical evidence have long acknowledged that children affect the financial decisions of their parents. However, the literature is limited to the study of the impact of dependent children. This study examines the impact of both dependent and independent children on key financial decisions of Chinese parents using data on over 20,0 0 0 individuals from the 2016 Wave of the China Family Panel Studies (CFPS). We demonstrate how number, gender, and age of children could influence parents' financial decisions differently through the various stages of their parenthood. Our findings highlight the strong and persistent saving for children motive in Chinese households.(c) 2022 Elsevier B.V. All rights reserved.

引用

页数：17

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