Savings trajectories and cohort differences among older Chinese couples
Bibliographic Data
| ID | 12608205 |
|---|---|
| Authors | Lu Chen (0000-0002-5497-4690, School of Sociology and Population Studies Renmin University of China Beijing China), Wenjuan Zhang (0000-0002-3011-9956, Population Development Studies Center Renmin University of China Beijing China, corresponding author) |
| Year | 2024 |
| Volume | 33 |
| Issue | 4 |
| Pages | 1094-1107 |
| Publication date | 2024-04-17 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Social Welfare (JOURNAL) |
| Journal identifiers | ISSN: 1369-6866 • E-ISSN: 1468-2397 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ijsw.12672 |
| OpenAlex | W4394892949 |
| Language | EN |
| References cited | 41 |
Based on longitudinal data from four waves (2011, 2013, 2015, and 2018) of the China Health and Retirement Longitudinal Study, we examined savings and savings changes among older couples in China using hierarchical linear models, explored any cohort differences, and analyzed the effects of the accessibility of the employee pension and the number of children on parents' savings. The results indicate that the savings of older couples continued to increase in old age, but the growth slowed down with age. For the cohort born before 1940, savings declined in later years. The cohorts born after 1940 had higher savings, but their savings grew less in later years. Older adults with access to the employee pension saved more and faster. Older adults with more than two children had lower savings, while those from younger cohorts were less impacted
China · Cohort · Cohort effect · Cohort study · Demographic economics · Economics · Geography · Longitudinal data · Longitudinal study · Older people · Pension · Demography · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Intergenerational Family Dynamics and Caregiving · Medicine · Psychology · Finance · Gerontology
Applied Longitudinal Data Analysis
Factors affecting catastrophic health expenditure and impoverishment from medical expenses in China
Who Decides? Financial Decision-Making Among Older Couples
Institutional dynamics and access to non‐farm employment in rural China, 1950–1996
Understanding Correlates of Change by Modeling Individual Differences in Growth
The Age-Wealth Relationship
Financial literacy and asset allocation among retired residents
Dynamics and Heterogeneity in the Process of Human Frailty and Aging
The role of housing wealth, financial wealth, and social welfare in elderly households' consumption behaviors in China
Children's support for elderly parents in urban and rural China
Saving, Sharing, or Spending? The Wealth Consequences of Raising Children
Investing in Children
Stochastic Implications of the Life Cycle-Permanent Income Hypothesis
Uncertain Lifetime, Consumption, and Dissaving in Retirement
The Adjustment of Consumption to Changing Expectations About Future Income
Social Security, Induced Retirement, and Aggregate Capital Accumulation
Is Old Age Depressing? Growth Trajectories and Cohort Variations in Late-Life Depression
The Cohort as a Concept in the Study of Social Change
Application of hierarchical linear models to assessing change
The Life-Cycle Model of Consumption and Saving
Marital Age Heterogamy and Homogamy, 1900 to 1980
How Couples Manage the Household
Managing Money in Marriage
| Citation velocity | historical |
|---|---|
| Highly cited | No |