The Effect of Parent Care on Female Labor Market Outcomes
Title
The Effect of Parent Care on Female Labor Market Outcomes
Alternative Author(s)
Ryu, Hanbyul
; Kim, Gahyeon
Keyword
Parents
; Elderly
; Informal Care
; Women
; Aging
; Low Birth Rate
Publication Year
2022-12-31
Publisher
Korea Institute for Health and Social Affairs
Citation
Health and Social Welfare Review Vol.42 No.4, pp.93-109
Abstract
In Korean society, the elderly population in need of care is rapidly increasing due to increasing longevity and low birth rate. At the same time, given the significant proportion of women involved in family elder care, informal care could potentially reduce women’s participation in economic activities. Therefore, we analyze the effect of parent care on women’s labor market outcomes by using data from the first to seventh waves of the Korean Longitudinal Survey of Women & Families (KLoWF). With the panel fixed effect model, we find that parent care reduces women’s work probability by 5.4%p and that one hour of informal care decreases women’s work probability by 1.8%p. Also, further analysis suggests that informal care has more negative effects for women who are less educated, in ages between 31 and 55 years old, and living with the spouse’s parents.