Transfers and labor market behavior of the elderly in developing countries: theory and evidence from Vietnam

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dc.contributor.authorJung, Juergen
dc.contributor.authorTran, Chung
dc.contributor.departmentTowson University. Department of Economicsen_US
dc.date.accessioned2018-05-22T13:57:33Z
dc.date.available2018-05-22T13:57:33Z
dc.date.issued2009-08-28
dc.date.updated2009-10-05
dc.description.abstractIn this paper we argue that the strategic interaction between the labor supply decision of the elderly and private transfers from their children lowers the opportunity cost of leisure of the elderly. This in turn magnifies the crowding-out effect of public pensions on the labor supply of the elderly. We show that this mechanism has implications for evaluating the crowding-out effect of public pensions in developing countries. That is, a misspecified econometric model that does not control for the endogeneity of private transfers leads to a biased estimate of the crowding-out effect of public pensions. Using data from a household survey in Vietnam we find that the effect of public pensions on the probability of retirement is 2.5 times larger when explicitly accounting for the interaction between private transfers and the labor supply decision of elderly individuals.en_US
dc.description.urihttps://ideas.repec.org/p/tow/wpaper/2009-01.htmlen_US
dc.formatapplication/pdf
dc.format.extent44 pagesen_US
dc.genreworking papersen_US
dc.identifierdoi:10.13016/M2X63B81F
dc.identifier.citationJuergen Jung & Chung Tran, 2009. "Transfers and Labor Market Behavior of the Elderly in Developing Countries: Theory and Evidence from Vietnam," Working Papers 2009-01, Towson University, Department of Economics, revised Oct 2009.en_US
dc.identifier.otherJEL: H31
dc.identifier.otherJEL: H55
dc.identifier.otherJEL: I38
dc.identifier.otherJEL: J14
dc.identifier.otherJEL: J22
dc.identifier.otherJEL: J28
dc.identifier.urihttp://hdl.handle.net/11603/10802
dc.language.isoen_USen_US
dc.publisherTowson University. Department of Economicsen_US
dc.relation.isAvailableAtTowson University
dc.relation.ispartofseriesTowson University Department of Economics Working Paper Series;2009-01
dc.subjectAltruismen_US
dc.subjectCrowding out (Economics)en_US
dc.subjectSocial securityen_US
dc.subjectRetirementen_US
dc.subjectTransfersen_US
dc.subjectVietnamen_US
dc.titleTransfers and labor market behavior of the elderly in developing countries: theory and evidence from Vietnamen_US
dc.typeTexten_US

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