Publication type
Journal Article
Authors
Publication date
June 1, 2012
Summary:
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 risks associated with old age or illness. At the same time, however, monetary transfers are not sufficient to fully substitute for parents' labour supply.
Published in
Journal of Development Studies
Volume and page numbers
Volume: 48 , p.1 -1
DOI
http://dx.doi.org/10.1080/00220388.2012.704365
ISSN
220388
Subjects
Notes
Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*
#521051