{"title":"Do more children lead to greater blessings? Birth quantity and household economic risk in China","authors":"Ji Zhang, Wenjun Xiong, Yanmei Sun","doi":"10.1111/acfi.13186","DOIUrl":null,"url":null,"abstract":"Abstract Does the number of births in a family decrease a household's economic risk? We find that in a distribution of households by children's age stages, the economic risk of households in the middle (16–22 years) and late stages (23–38 years) appears to be more significantly affected by the dual nature of children as consumable goods and investment assets than does the risk of households in the early stage (0–15 years). Furthermore, we find that this pattern persists even when we consider China's one‐child policy. Our findings also reveal that households with higher parental education levels and education investment expenditures in the middle stage exhibit greater resilience against economic risks in the late stage.","PeriodicalId":47973,"journal":{"name":"Accounting and Finance","volume":"3 1","pages":"0"},"PeriodicalIF":3.1000,"publicationDate":"2023-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounting and Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/acfi.13186","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
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Abstract
Abstract Does the number of births in a family decrease a household's economic risk? We find that in a distribution of households by children's age stages, the economic risk of households in the middle (16–22 years) and late stages (23–38 years) appears to be more significantly affected by the dual nature of children as consumable goods and investment assets than does the risk of households in the early stage (0–15 years). Furthermore, we find that this pattern persists even when we consider China's one‐child policy. Our findings also reveal that households with higher parental education levels and education investment expenditures in the middle stage exhibit greater resilience against economic risks in the late stage.
期刊介绍：
Accounting & Finance enjoys an excellent reputation as an academic journal that publishes articles addressing significant research questions from a broad range of perspectives. The journal: • publishes significant contributions to the accounting, finance, business information systems and related disciplines • develops, tests, or advances accounting, finance and information systems theory, research and practice • publishes theoretical, empirical and experimental papers that significantly contribute to the disciplines of accounting and finance • publishes articles using a wide range of research methods including statistical analysis, analytical work, case studies, field research and historical analysis • applies economic, organizational and other theories to accounting and finance phenomena and publishes occasional special issues on themes such as on research methods in management accounting. Accounting & Finance is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments, and merchant and investment banking.
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