Do more children lead to greater blessings? Birth quantity and household economic risk in China

IF 3.1 4区管理学 Q2 BUSINESS, FINANCE

Accounting and Finance Pub Date : 2023-10-19 DOI:10.1111/acfi.13186

Ji Zhang, Wenjun Xiong, Yanmei Sun

引用次数: 0

Abstract

Abstract Does the number of births in a family decrease a household's economic risk? We find that in a distribution of households by children's age stages, the economic risk of households in the middle (16–22 years) and late stages (23–38 years) appears to be more significantly affected by the dual nature of children as consumable goods and investment assets than does the risk of households in the early stage (0–15 years). Furthermore, we find that this pattern persists even when we consider China's one‐child policy. Our findings also reveal that households with higher parental education levels and education investment expenditures in the middle stage exhibit greater resilience against economic risks in the late stage.

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更多的孩子会带来更多的祝福吗?中国出生人口数量与家庭经济风险

一个家庭的生育数量是否会降低一个家庭的经济风险?我们发现，在按儿童年龄阶段进行的家庭分布中，儿童作为消费品和投资资产的双重性质对中期(16-22岁)和后期(23-38岁)家庭的经济风险的影响似乎比早期(0-15岁)家庭的风险更显著。此外，我们发现，即使考虑到中国的独生子女政策，这种模式仍然存在。研究结果还表明，父母教育水平和教育投资支出较高的家庭在后期对经济风险的抵御能力更强。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounting and Finance BUSINESS, FINANCE-

CiteScore

5.10

自引率

7.70%

发文量

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