How does intergenerational investment respond to changes in the marriage market? Evidence from China

被引：7

作者：

Han, Li ^{[1
]}

Shi, Xinzheng ^{[2
]}

机构：

[1] Hong Kong Univ Sci & Technol, Hong Kong, Peoples R China

[2] Tsinghua Univ, Beijing, Peoples R China

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 2019年 / 139卷

基金：

中国国家自然科学基金;

关键词：

Premarital investment; Intrahousehold bargaining; Intergenerational investment; Hukou; Bequest; Urban China; INTRAHOUSEHOLD ALLOCATION; ALIMONY RIGHTS; RESOURCES; EDUCATION; DIVORCE; IMPACT;

D O I：

10.1016/j.jdeveco.2019.03.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines how intergenerational investment responds to changes in the marriage market. Two major channels are modeled and empirically tested: first, expecting gender-specific impacts on the future marriage market for their children, parents' adjustments in educational investment differ by the gender of children, and second, changes in marriage market conditions have contemporaneous impacts on intrahousehold bargaining because they change existing couples' remarriage options, which affects their educational investment in their children. We test our model by exploiting a policy change in favor of local urban men in the urban marriage market in China. We find that educational investment by local-local couples decreases for sons but changes little for daughters. Consistent with the decrease in children's educational investment, female-favored consumption decreases while male-favored consumption increases. These results provide evidence of interaction between the intrahousehold bargaining and the future marriage prospect effects.

引用

页码：109 / 121

页数：13

共 23 条

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