EconPapers    
Economics at your fingertips  
 

The Betrayed Generation? Intra-Household Transfers and Retirement Behavior in South Korea

Kyeongkuk Kim (), Sang-Hyop Lee () and Timothy Halliday
Additional contact information
Kyeongkuk Kim: University of Hawaii at Manoa

No 11846, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We consider the nexus of intra-household transfers, the sex composition of the sibship, and parental retirement behavior in Korea. We provide evidence that the cost of raising sons is higher than it is for daughters in Korea. Thus, in the absence of sufficient transfers from adult sons to parents, parents will fund their earlier investments in their sons by increasing their labor supply. Consistent with this, we show that parents with more adult sons delay their retirement. In particular, an elderly parent with all sons has a retirement probability that is 7–10 percentage points lower than a comparable parent with all daughters. Elderly parents also work between 1.8 and 2.7 hours more per week when their sibship consists of all sons. These effects are the most pronounced when the first born is a son, as well as for poorer households.

Keywords: retirement; intra-household transfers; gender; sex ratios (search for similar items in EconPapers)
JEL-codes: J1 J13 J16 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-lab
Date: 2018-09
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://ftp.iza.org/dp11846.pdf (application/pdf)

Related works:
Working Paper: The Betrayed Generation? Intra-Household Transfers and Retirement Behavior in South Korea (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp11846

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2019-11-03
Handle: RePEc:iza:izadps:dp11846