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. In this study, the expansion of pension coverage from the state sector to the non-state sector in urban China is...

Full description

Bibliographic Details
Main Authors:	Mu, Ren, Du, Yang
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2018
Subjects:	SOCIAL PROTECTION PENSIONS PUBLIC PENSIONS INTERGENERATIONAL MOBILITY EDUCATION SPENDING SOCIAL SECURITY
Online Access:	http://hdl.handle.net/10986/30961

id	okr-10986-30961
recordtype	oai_dc
spelling	okr-10986-309612021-05-25T10:54:35Z Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China Mu, Ren Du, Yang SOCIAL PROTECTION PENSIONS PUBLIC PENSIONS INTERGENERATIONAL MOBILITY EDUCATION SPENDING SOCIAL SECURITY 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. In this study, the expansion of pension coverage from the state sector to the non-state sector in urban China is used as a quasi-experiment to analyze the intergenerational impact of social security on education investments in children. In a difference-in-differences framework, a significant increase in the total education expenditure is found to be attributable to pension expansion. The results are unlikely to be driven by other observable trends. 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. 2018-12-06T19:58:36Z 2018-12-06T19:58:36Z 2017-06-01 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/30961 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	SOCIAL PROTECTION PENSIONS PUBLIC PENSIONS INTERGENERATIONAL MOBILITY EDUCATION SPENDING SOCIAL SECURITY
spellingShingle	SOCIAL PROTECTION PENSIONS PUBLIC PENSIONS INTERGENERATIONAL MOBILITY EDUCATION SPENDING SOCIAL SECURITY Mu, Ren Du, Yang Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China
geographic_facet	East Asia and Pacific China
description	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. In this study, the expansion of pension coverage from the state sector to the non-state sector in urban China is used as a quasi-experiment to analyze the intergenerational impact of social security on education investments in children. In a difference-in-differences framework, a significant increase in the total education expenditure is found to be attributable to pension expansion. The results are unlikely to be driven by other observable trends. 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.
format	Journal Article
author	Mu, Ren Du, Yang
author_facet	Mu, Ren Du, Yang
author_sort	Mu, Ren
title	Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China
title_short	Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China
title_full	Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China
title_fullStr	Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China
title_full_unstemmed	Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China
title_sort	pension coverage for parents and educational investment in children : evidence from urban china
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2018
url	http://hdl.handle.net/10986/30961
_version_	1764473276759801856

Pension Coverage for Parents and Educational Investment in Children : Evidence from Urban China

Similar Items