Pension coverage for parents and educational investment in children. Evidence from urban China.

Autor/inn/en	Mu, Ren; Du, Yang
Titel	Pension coverage for parents and educational investment in children. Evidence from urban China.
Quelle	Bonn: IZA (2012), 45 S., 548,94 KB PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit. 6797
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Gesetzliche Rentenversicherung; Bildungsinvestition; Finanzierung; Investition; Arbeitspapier; Stadtbevölkerung; China
Abstract	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-experiment to analyze the intergenerational impact of social security on educational investments in children. With a difference-in-differences framework, we find a significant increase in the total education expenditure attributable to pension expansion. The results are unlikely to be driven by trends in medical insurance, wages, bonus income, and housing values. They are robust to the inclusion of a large set of control variables and to different specifications, including one based on the instrumental variable method.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2013/1