The determinants of bargaining power in an empirical model of transfers between adult children, parents, and in-laws for South Korea

• 成果类型: Article
• 署名作者: Ham, John C.; Song, Heonjae
• 署名单位: University System of Maryland; University of Maryland College Park; National University of Singapore; IZA Institute Labor Economics; University of Seoul
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2014.03.004
• 发表日期: 2014
• 页码: 73-86
• 关键词: Family transfers; bargaining; marriage market; Maximum likelihood estimation; Old-age support; korea

摘要

We derive a bargaining model of transfers between adult children and their parents, and then estimate the model using data from South Korea. Our analysis extends the literature on family bargaining by i) arguing that transfers from the couple represent semiprivate consumption (e.g. it is plausible that the wife cares more about her parents than about the husband's parents, and vice-versa) and ii) using results from laboratory experiments to help identify the model. We find that women have slightly more bargaining power than men in the couple's decision making. We also find that when an adult child receives an extra dollar of income, she transfers half of it to her parents; this result is consistent with previous work. Finally, we reject the null hypothesis that bargaining power within the family depends only on the potential wage of each spouse. (C) 2014 Elsevier B.V. All rights reserved.