Financial Transfers Between Older Filipinos and Their Adult Children: The Role of Education and Public Pensions
2024
Financial Transfers Between Older Filipinos and Their Adult Children
Sample size: 5645
publication
Evidence: moderate
Author Information
Author(s): Cheng Kent Jason
Primary Institution: The Pennsylvania State University
Hypothesis
How do education and public pensions influence financial transfers between older Filipinos and their adult children?
Conclusion
Higher education and contribution-based public pensions lead to older Filipinos giving more financial support to their children rather than receiving it.
Supporting Evidence
- Higher educational attainment is linked to increased financial transfers to children.
- Older adults with contribution-based pensions are less likely to rely on their children for financial support.
- Public pensions can enhance the financial support older adults provide to their children.
Takeaway
Older Filipinos with more education and certain types of pensions are more likely to help their kids with money instead of asking for help.
Methodology
Logistic regressions were used to analyze data from older Filipinos regarding their financial transfers, controlling for various factors.
Participant Demographics
Filipinos aged 60 and older with at least one living child.
Digital Object Identifier (DOI)
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