Journal article

Do coresidency and financial transfers from the children reduce the need for elderly parents to works in developing countries?

Lisa A Cameron, Deborah Cobb-Clark

JOURNAL OF POPULATION ECONOMICS | SPRINGER | Published : 2008

Abstract

Do elderly parents use coresidence with or financial transfers from children to reduce their own labour supply in old age? This paper is one of only a few studies that seeks to formally model elderly labour supply in the context of a developing country while taking into account coresidency with and financial transfers from children. We find little evidence that support from children-either through transfers or coresidency-substitutes for elderly parents' need to work. Thus, as in developed countries, there is a role for public policy to enhance the welfare of the elderly population. © 2006 Springer-Verlag.