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Updated: May 9, 2025
08:24
The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
Published on: August 25, 2023
574
Money for Time? Evidence From Intergenerational Interactions in China
1School of Law, Xiamen University, Xiamen, China.
Summary
Financial support for parents often replaces time spent with them, particularly for males and the middle class. Legislation mandating visits could enhance family solidarity and elder support.
Area of Science:
- Sociology
- Gerontology
- Family Studies
Background:
- Filial piety is a core value in Asian cultures, emphasizing support for elders.
- Financial support is often prioritized over emotional companionship for aging parents.
Purpose of the Study:
- To investigate the trade-off between financial and time-based support for older parents.
- To identify demographic factors influencing this substitution.
- To explore policy interventions for enhancing intergenerational solidarity.
Main Methods:
- Utilized data from the China Family Panel Studies (CFPS) survey.
- Analyzed data from approximately 50,000 households spanning 2016-2022.
- Employed quantitative analysis to examine financial and time-allocation patterns.
Main Results:
- A significant substitution effect exists between financial support and interaction time with older parents.
- This substitution is more pronounced among males, working-age adults, and the middle class.
- Findings suggest a potential decline in companionship due to financial prioritization.
Conclusions:
- Current support structures may inadvertently reduce essential familial interaction.
- Policy interventions, such as mandated visits, could foster greater family solidarity.
- There is a need for innovative strategies to improve support systems for the elderly.
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