Intergenerational Income Persistency in Urban China
نویسندگان
چکیده
Intergenerational Income Persistency in Urban China Intergenerational income elasticities are estimated using samples for urban China (covering many cities) for the years 1995 and 2002 and compared with results from other studies. We find that the income relation between the pairs: sons and fathers, sons and mothers and daughters and mothers, are in 2002 all similar in magnitude. In contrast the relation between daughters’ and fathers’ income is weaker. The income relationship between offspring and mothers was weaker in 1995 than in 2002. Our preferred estimates of income persistency for the son-father pairs of 0.47 for 1995 and 0.53 for 2002 are higher than what has been reported in the literature for several high-income countries with large welfare states. The strength of the income link between sons and fathers in urban China appears to be not very different from what has been reported for countries such as Brazil, Chile and the United States. JEL Classification: D31, J62, P32
منابع مشابه
Saving and Bequest in China: An Analysis of Intergenerational Exchange
Particularly high saving rates among the elderly in both rural and urban China call for an investigation of the involved bequest motive. Utilizing unique survey data from a diverse group of Chinese households, we document that the magnitude of the bequest from parent to child is synchronized with the level of personal assistance from child to parent. Moreover, both bequest and assistance are in...
متن کاملChild Poverty, Investment in Children and Generational Mobility: the Short and Long Term Wellbeing of Children in Urban China after the One Child Policy
China’s One Child Policy (OCP), introduced in 1979, changed fundamentally the nature of both existing and anticipated marriage arrangements and influenced family formation decisions in many dimensions, especially with respect to the number of and investment in children. The policy coincided with the Economic Reforms of 1979 and the trend toward greater urbanization, all of which may have influe...
متن کاملHousing Windfalls and Intergenerational Transfers in China
In this paper, we study the impact of housing reform and the rapid development of the housing market in China on intergenerational transfers and elderly well-being. During the 1990s, the Chinese government gave property rights to many urban residents who had been allocated housing by their danwei employers. These unexpected windfalls were substantial in size, and grew with the rapid increase in...
متن کاملPension Coverage for Parents and Educational Investment in Children: Evidence from Urban China
Pension Coverage for Parents and Educational Investment in Children: Evidence from Urban China When social security is established to provide pensions to parents, their reliance upon children for future financial support decreases; and their need to save for retirement also falls. We use the expansion of pension coverage from the state sector to the non-state sector in urban China as a quasi-ex...
متن کاملIntimate power: the intergenerational cooperation and conflicts in childrearing among urban families in contemporary China
This article examines the cooperation and conflicts in the “intergenerational parenting coalition,” the practice of joint caregiving by parents and grandparents that is prevalent among contemporary urban Chinese families. The author argues that a pattern of “yan mu ci zu” (grandparents feed, mothers teach) has emerged in the intergenerational parenting coalition. Specifically, young mothers act...
متن کامل