Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298128 
Year of Publication: 
2023
Series/Report no.: 
ADB Economics Working Paper Series No. 682
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper studies how access to public pensions affects old-age support and child investment in traditional societies. Guided by predictions from an overlapping generations model, we analyze the influences of a new pension program in rural People's Republic of China, using a difference-in-differences approach. We find that the program crowds out transfers from working-age adults, especially men, to their elderly parents. Interestingly, the impact on child investment significantly differs by child gender. While adult parents increase educational investment in sons, their investment in daughters appears to decrease. Our findings highlight the unintended consequences of public pensions on parental investment.*
Subjects: 
altruism
pension
old-age support
rural PRC
intergenerational transfers
JEL: 
D64
H55
J14
J16
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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