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We use unique data characterizing individual savings for twins and non-twins in urban China to examine why the savings … necessary to take into account inter-generational co-residence, an important phenomenon in China and in many developing … China, but also indicate that in urban China neither old-age support by the young nor the one-child policy are major factors …
Persistent link: https://www.econbiz.de/10013055192
An open question in the literature is whether families compensate or reinforce the impact of child health shocks. Discussions usually focus on one dimension of child investment. This paper examines multiple dimensions using household survey data on Chinese child twins whose average age is 11. We...
Persistent link: https://www.econbiz.de/10013039768