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자녀와 부모 은퇴 결정에 대한 일고

Effect of Children on Parental Retirement

강주연|김진영
한국경제의 분석패널 (Panel for Korean Economic Analysis)|2019.04|한국경제의 분석 (Journal of Korean Economic Analysis)|제25권 제1호|pp. 1-27|DOI 10.22823/jkea.25.1.201904.1

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참고문헌

키워드

은퇴자녀의 수노후지원교육지출Number of childrenparental retirementold-age supporteducational expense
주제분류경제학

초록

본 연구는 자녀가 부모의 은퇴 결정에 어떤 영향을 미치는지를 실증 연구를 통하여 분석한다. 이론적으로 볼 때, 자녀가 부모 노후에 금전적 지원을 한다면 자녀가 많을 수록 은퇴가 빨라질 수도 있지만, 교육비 지출이 증가하여 은퇴가 지연될 수도 있다. 우리는 한국고용정보원의 고령화 연구패널조사를 가지고 도구변수 프로빗(Instrumental Variable Probit) 모형을 이용하여 분석하였는데, 자녀의 수가 많으면 부모의 은퇴가 지연되는 것으로 확인되었다. 노후 지원이 더 활발하게 이루어지는 나이가 많은 부모 세대에서는 이 효과가 상쇄되어, 연관 관계가 유의하지 않았다.

Abstract

This paper studies empirically how children affect the retirement decisions of their parents. In theory, more children can make their parents retire earlier through the channel of old-age support. On the other hand, parents may retire later with more children because of more expenditure on the latter such as educational expenses. Using the Korean Longitudinal Study of Aging data which is produced by Korea Employment Information Service, we employ the IV probit model to analyze the effect of the number of children on parental retirement. We find that the more children parents have, the later they retire. This finding indicates that the expenditure effect is more dominant than the old-age support effect. With the social norm of old age support gradually fading over generations, older parents are predicted to have a less adverse effect of children on retirement, which is confirmed by our result.

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