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Old Age Security in Asia

Old Age Security in Asia. A son has abig impact on both men and women. The wife has big impact on husband. Having at least two living sons makes beneficial impact significant for elderly. Non married men have higher mortality risks. . Spouses. Sons. Who?.

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Old Age Security in Asia

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  1. Old Age Security in Asia

  2. A son has abig impact on both men and women. The wife has big impact on husband. Having at least two living sons makes beneficial impact significant for elderly. Non married men have higher mortality risks. Spouses Sons Who? Husband is small for wife, and very little when income is controlled. Brothers reduce mortality for women but not for men. Brothers Daughters Brothers are equally important for both married and non married women. The daughter (both married and non married) has no impact on the survival of parents. Daughters are considered as part of husband’s family/ early marriage . Two brothers reduce mortality for women significantly.

  3. Lack of other viable outlets for asset accumulation. Family unit acts as a capital market that will allow an individual to borrow against their future earnings. Old Age Security Parental Repayment Mothers invest in children. Implicit insurance against consumption risk Why? Gender and Bargaining Power Risk diversification Men are income earners. Altruism Exchange Motive Head of the household allocates resources to maximise the weighted sum of the utility functions. Future payment for childcare services.

  4. Positive but weak with strongest correlation between sons and mothers in need. Strong. Education plays an important role Old Age Security Parental Repayment Malaysia: Theory in Context Gender and Bargaining Power Risk diversification Dependent on cultural context. Altruism Exchange Motive Indirect support but hard to quantify. Strong and encapsulates time or service transfers.

  5. Highlights those who lack familial support for focus of public plans Spreading benefits of growth across generations Implications Need for institutional reform as country grows. Growing importance in an aging world

  6. Bibliography Lillard, Lee A. and Robert J. Willis. "Motives for Intergenerational Transfers: Evidence from Malaysia." Demography 34.1 (1997): 115-134. Rahman, M. Omar. "Family Matters: The Impact of Kin on the Mortality of the Elderly in Rural Bangladesh." Population Studies 53.2 (1999): 227-235. Presentation by Yuko and Michael N

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