Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/67155
Authors: 
Ha Trong Nguyen
Liu, Amy Y. C.
Booth, Alison L.
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit 6974
Abstract: 
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 paper 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.
Subjects: 
old-age support
labour supply
inter-generational transfers
endogenous variable
maximum likelihood
JEL: 
J14
J22
J26
Document Type: 
Working Paper

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