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Monetary Transfers from Children and the Labour Supply of Elderly Parents: Evidence from Vietnam

Nguyen, Ha Trong; Liu, Yuk Chu (Amy); Booth, Alison

Description

In the absence of a broad-based pension scheme, the elderly in developing countries may rely on monetary transfers made by their children and on their own labour supply. This article examines whether monetary transfers from children help to reduce elderly parents' need to work. Taking the possible endogeneity of children's transfers in the parents' labour supply into account and using maximum likelihood methods and Vietnamese data, we find that monetary transfers help the elderly cope with...[Show more]

dc.contributor.authorNguyen, Ha Trong
dc.contributor.authorLiu, Yuk Chu (Amy)
dc.contributor.authorBooth, Alison
dc.date.accessioned2015-12-08T22:46:32Z
dc.identifier.issn0022-0388
dc.identifier.urihttp://hdl.handle.net/1885/38194
dc.description.abstractIn the absence of a broad-based pension scheme, the elderly in developing countries may rely on monetary transfers made by their children and on their own labour supply. This article examines whether monetary transfers from children help to reduce elderly parents' need to work. Taking the possible endogeneity of children's transfers in the parents' labour supply into account and using maximum likelihood methods and Vietnamese data, we find that monetary transfers help the elderly cope with risks associated with old age or illness. At the same time, however, monetary transfers are not sufficient to fully substitute for parents' labour supply.
dc.publisherFrank Cass & Co Ltd
dc.sourceJournal of Development Studies
dc.subjectKeywords: child welfare; developing world; elderly population; intergenerational transfer; labor supply; Viet Nam
dc.titleMonetary Transfers from Children and the Labour Supply of Elderly Parents: Evidence from Vietnam
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume48
dc.date.issued2012
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.absfor140211 - Labour Economics
local.identifier.ariespublicationU9501697xPUB158
local.type.statusPublished Version
local.contributor.affiliationNguyen, Ha Trong, University of Queensland
local.contributor.affiliationLiu, Yuk Chu (Amy), College of Asia and the Pacific, ANU
local.contributor.affiliationBooth, Alison, College of Business and Economics, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue8
local.bibliographicCitation.startpage1177
local.bibliographicCitation.lastpage1191
local.identifier.doi10.1080/00220388.2012.704365
local.identifier.absseo910103 - Economic Growth
local.identifier.absseo910208 - Micro Labour Market Issues
dc.date.updated2016-02-24T12:00:35Z
local.identifier.scopusID2-s2.0-84865818643
local.identifier.thomsonID000308243600010
CollectionsANU Research Publications

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