Can I live with you after I retire? Retirement, old age support, and internal migration of older adults in China

Chen, Simiao and Jin, Zhangfeng and Prettner, Klaus (2020) Can I live with you after I retire? Retirement, old age support, and internal migration of older adults in China. Department of Economics Working Paper Series, 303. WU Vienna University of Economics and Business, Vienna.

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Abstract

This study examines the causal impact of retirement on migration decisions. Using a regression discontinuity (RD) design approach, combined with a nationally representative sample of 228,855 Chinese older adults, we find that retirement increases the probability of migration by 12.9 p.p. (an 80% increase in migration). Approximately 38% of the total migration effects can be attributed to inter-temporal substitution. Retirement-induced migrants are lower-educated, have restricted access to social security, and come from origins with high living costs. Relying on old age support from adult children in migration is a likely mechanism. These findings are consistent with a simple theoretical model of migration for older adults.

Item Type: Paper
Keywords: Retirement, Internal migration, Old age support, China, Regression discontinuity design
Classification Codes: JEL J14, J26, J61
Divisions: Departments > Volkswirtschaft
Depositing User: Claudia Tering-Raunig
Date Deposited: 30 Oct 2020 08:45
Last Modified: 30 Oct 2020 08:45
URI: https://epub.wu.ac.at/id/eprint/7808

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