研究成果：Supporters or hinderances? Intergenerational coresidence and household finance under patriarchy

作者：Huang He；Tan Ruipeng；杨志明[T]

发表期刊：Journal of Economic Behavior & Organization

期刊级别：ABS3

发表时间：202602

摘要：This paper investigates the impact of intergenerational coresidence on household financial out-comes in patriarchal societies. Using data from the China Household Finance Survey, we find that coresiding parents significantly increase the likelihood of their biological child assuming household headship, a result that remains robust after a series of robustness checks. Intergener-ational coresidence positively affects households’ financial market participation, portfolio diversification, and asset returns. Parents’ consistent support and adherence to traditional gender

norms play crucial roles and the effects of intergenerational coresidence is unidirectional. Moreover, we find that a negative shock to community-level gender equality dampens the posi-tive influence of intergenerational coresidence on financial behavior, highlighting the intricate interplay between household structure and financial decision-making. These findings offer valuable insights into how family dynamics and social gender norms shape economic outcomes, with implications for policies aimed at enhancing financial inclusion and intergenerational well-being.