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Title: Elderly health, wealth and coresidence with adult children in rural India
Authors: Pal, S
Keywords: Co-residence with children, Intergenerational transfers, Elderly health and wealth;effects, Simultaneity bias, Correlated recursive model.
Issue Date: 2006
Publisher: Brunel University
Citation: Economics and Finance Discussion Paper, Brunel University, 06-17
Abstract: Little is known about the living conditions of a growing number of elderly in India who predominantly coreside with their children. Mutual sharing of responsibilities is important in coresidency arrangements involving exchange of financial and other services between the elderly and their coresident children. The paper focuses on health and wealth effects of elderly coresidency arrangements. In an attempt to redress the resultant endogeneity bias, we estimate a correlated recursive system of equations. There is evidence that the probability of coresidence is lower for those disadvantaged older elderly who lack health, wealth or both, thus necessitating social protection.
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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