Human Capital and the Only-Child Premium: Evidence from China’s One Child Policy

2021 ◽  
Author(s):  
Limin Fang ◽  
Tongtong Hao ◽  
Genet Zinabou
Keyword(s):  
Human Capital ◽  
Only Child ◽  
One Child Policy ◽  
Child Policy

The Effects of Children's Gender Composition on Filial Piety and Old-Age Support*

2020 ◽  
Vol 130 (632) ◽  
pp. 2497-2525 ◽  
Author(s):  
Rufei Guo ◽  
Junsen Zhang
Keyword(s):  
Human Capital ◽  
Empirical Evidence ◽  
Old Age ◽  
Filial Piety ◽  
Natural Experiment ◽  
Gender Composition ◽  
Old Age Support ◽  
Empirical Results ◽  
One Child Policy ◽  
Child Policy

Abstract Do parents forge children’s preference for old-age support? Becker (1993) conjectures that the inculcation of filial piety increases parents’ investment in children’s human capital. We provide the first empirical evidence on parents’ instilling of filial piety in children, by combining the natural experiment of twins with China’s One-Child Policy to obtain exogenous variations in children’s gender composition. Among the different models of filial-piety inculcation, our empirical results favour a Beckerian model of altruism inculcation in which parents solicit support from the child with a higher earnings endowment.

FERTILITY, HUMAN CAPITAL, AND INCOME: THE EFFECTS OF CHINA’S ONE-CHILD POLICY

2021 ◽  
pp. 1-42
Author(s):  
Jiajia Gu
Keyword(s):  
Human Capital ◽  
Labor Force ◽  
Survey Data ◽  
Olg Model ◽  
Trade Off ◽  
Individual Income ◽  
Urban Households ◽  
One Child Policy ◽  
Child Policy ◽  
The One

This paper studies the effects of China’s one-child policy on human capital and income. I build and calibrate a quantitative OLG model with intergenerational transfers. The model generates a quantity–quality trade-off, so a restriction on fertility leads to an increase in human capital, and higher human capital then contributes to higher individual income and welfare. Calibrating the model to match survey data on urban households, I find that the one-child policy increases the human capital of affected agents by about 47% relative to a counterfactual with no fertility restrictions. However, the effect on aggregate income is negative as the size of the labor force falls.

Sign in / Sign up

Export Citation Format

Share Document