Changing Chinese Familial Structure and its Effects on Family’s Financial Support for the Elderly: Future Implications for Family Value in China
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The goal of this research is to analyze factors affecting family financial support for older parents in China, and to explain their effects to economic inequality between the elderly through comparing family financial support. The data used for this research is 2006 Global Ageing Survey by the Oxford Institute of Ageing,University of Oxford, including 1,0 00 persons aged 60 and over. As the result of the analysis, traditional notion of supporting responsibility for parents is found to be still strong in China. When the care demands of parents and economic conditions of the households is considered, however, different motivational orientations of the support are found. The result of this research shows mixed nature of China’s support system for old parents which are selfish and altruistic model. This transition implies what is considered traditional Confucius family value is now facing with changes in the attitudes and practice triggered by rapid industrialization and demographic change.
Abstract
The goal of this research is to analyze factors affecting family financial support for older parents in China, and to explain their effects to economic inequality between the elderly through comparing family financial support. The data used for this research is 2006 Global Ageing Survey by the Oxford Institute of Ageing,University of Oxford, including 1,0 00 persons aged 60 and over. As the result of the analysis, traditional notion of supporting responsibility for parents is found to be still strong in China. When the care demands of parents and economic conditions of the households is considered, however, different motivational orientations of the support are found. The result of this research shows mixed nature of China’s support system for old parents which are selfish and altruistic model. This transition implies what is considered traditional Confucius family value is now facing with changes in the attitudes and practice triggered by rapid industrialization and demographic change.
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