Child-Parent Relation and Older Adults' Health: A Cross-Cultural Comparison Between China and the United States

Western culture emphasizes independence in the child-parent relationship while Chinese culture values interdependence between adult children and older parents. This study compared the association of child-parent relationships with older adults’ multidimensional health over time in the U.S. and China. Two waves of data (2012-2015) from HRS and CHARLS were used (n=6,641, aged ≥65). Linear regression models were estimated. Results showed that, compared to Chinese older adults, fewer older Americans co-resided with or lived nearby their children, had less weekly contact, and fewer financial transfers from/to their children. Most child-parent relationship variables were nonsignificant predictors of older Americans’ health. However, a closer child-parent relationship was linked to fewer depressive symptoms and better cognition among older Chinese. Co-residence was associated with poorer health among Chinese parents. The associations of child-parent relationships with older adults’ health exhibited cross-cultural differences. A cultural perspective is recommended in understanding how family relations affect older adults’ health.

The Connection Between Social Inequality And Intergenerational Transfers Between Three Generations In Europe

Family members support each other across the entire family cycle. Parents help their adult children with financial transfers and hands-on-support and childcare, while children in mid-life often support their older parents with help and care. However, there is profound social inequalities linked to intergenerational transfers. While there is some research on inequality for some types of intergenerational transfers and some transfer directions, there is still no conclusive study bringing together all different support types between multiple generations from different social backgrounds over time. In our view, taking a longitudinal multi-generational perspective is essential to capture dependencies and negotiations within families from different socio-economic backgrounds within different regional contexts. If middle-aged parents have to take care of their own older parents, they have fewer resources for their(grand-)children, who might then receive less attention and support from them. This may differ according to access to support from public or private institutions. Here, country and regional specifics have a huge impact on support patterns within the family, which can only be captured when looking into developments and change. Using six waves of the Survey of Health, Ageing and Retirement in Europe (SHARE), we look at intergenerational transfers between multiple generations over time across European regions, considering mid-aged Europeans in the “sandwich” position between older parents and children and include multiple transfer directions and types over time to assess the links between social inequality and intergenerational solidarity in Europe’s ageing societies. The impact of Covid 19 on this issue will also be considered.

Food for All

This book is a historical review of international food and agriculture since the founding of the international organizations following the Second World War, including the World Bank and the Food and Agriculture Organization of the United Nations (FAO), the World Food Programme (WFP) and into the 1970s, when CGIAR was established and the International Fund for Agricultural Development (IFAD) was created to recycle petrodollars. The book concurrently focuses on the structural transformation of developing countries in Asia and Africa, with some making great strides in small farmer development and in achieving structural transformation of their economies. Some have also achieved Sustainable Development Goals (SDGs), particularly SDG2, but most have not. Not only are some countries, particularly in South Asia and sub-Saharan Africa, lagging behind, but they face new challenges of climate change, competition from emerging countries, population pressure, urbanization, environmental decay, dietary transition, and now pandemics. Lagging developing countries need huge investments in human capital, and physical and institutional infrastructure, to take advantage of rapid change in technologies, but the role of international assistance in financial transfers has diminished. The COVID-19 pandemic has not only set many poorer countries back but starkly revealed the weaknesses of past strategies. Transformative changes are needed in developing countries with international cooperation to achieve better outcomes. Will the change in US leadership bring new opportunities for multilateral cooperation?

When Income Declines and Morbidity Rises: An Inquiry into Consumption Smoothing in the Transition to Retirement in China

China still relies on out-of-pocket (OOP) medical spending, having a high prevalence of catastrophic payments with large poverty impacts for individuals. Taking age-associated morbidity into account, people of an advanced age encounter health-related income shocks more often than younger cohorts. Exploiting the Harmonized China Health and Retirement Longitudinal Study (CHARLS), I use a fixed effects regression model to investigate whether pensions and health insurance allow for consumption smoothing in the presence of health shocks. I provide suggestive evidence that pensions slightly decrease non-food consumption when health shocks occur. Moreover, health insurance does not seem to completely substitute costly smoothing mechanisms. I record an ongoing trend of increasing OOP spending on hospitalization, with health insurance reducing these by 19 percent. Financial transfers from family members remain an important unofficial insurance channel for households to cope with health shocks.

Money laundering and terror financing: issues and challenges in Pakistan

Purpose Pakistan is facing the momentous hazard of money laundering and a substantial risk of terror financing, which are seriously threatening its socioeconomic well-being. The purpose of this paper is to gauge the challenges posed by these threats in contrast with the existing potential and expertise of legal entities. It also examines legal and procedural measures enforced as a counter-strategy for terror financing and money laundering and the AMLA 2010 and National Action Plan (NAP) for countering terrorism financing. Design/methodology/approach This paper uses an analytical and comparative method using figures and comparative data on the success of the NAP and AMLA 2010 as national counterterrorism strategies. Terror financing and anti-money laundering regimes are confronted with grave legal and procedural odds, noncooperation and performance issues and conflicts of interest on the part of the enforcers/politicians. This paper highlights the issues that seriously jeopardize strategies to stop money laundering and terror financing, such as geography, informal financial transfers and exchange systems, un-regulated charities and real estate sectors, the modest performance of enforcement agencies and lukewarm political support for the NAP. Findings The situation requires the improvement of weak legislation and poor coordination and the adaptation of technological advancements and novel counter-strategies, along with properly trained enforcement personnel. Originality/value This paper will prove to be a valuable reference for exploring the shortcomings and insights. This will provide useful information for legal and financial practitioners, academicians, research scholars, policymakers and journalists.

Financial support by older adults to family members: a configurational perspective

Most research on financial inter vivos transfers from older parents to their family members is focused on the giver–receiver dyad, usually between an older parent and an adult child. This study aimed to investigate older adults' financial support beyond this level of intergenerational dyads using an egocentric network perspective (i.e., the configurational approach). Data were from a sample of 2,991 older adults (aged 65 and older) from the Vivre/Leben/Vivere study, a large survey addressing family life and health conditions of older people in Switzerland. We used Wald tests and regression analyses to identify how financial transfers are related to family network properties in later life. Findings showed that older parents' propensity to provide financial support is associated with the density of practical help exchanges within the family (mainly for men) and with the position (mainly for women) and the role they play within their family configuration.

The effects of an old-age allowance programme on intergenerational interactions in Taiwan: Heterogeneous effects by adult children’s motives for giving

This study examines the effects of an old-age allowance programme in Taiwan, the Senior Citizens Welfare Living Allowance (SCWLA), on intergenerational financial transfers, living arrangements and contact, as well as the heterogeneity of its effects by adult children’s five types of motives for giving: altruism, exchange, reciprocity, affection, and sense of responsibility. Using 2002, 2004, 2005 and 2006 data from the Panel Study of Family Dynamics, we employed a difference-in-difference individual fixed effect model to compare the outcomes across the treatment (aged 65 and older) and comparison groups (aged 55 to 64) before and after the introduction of SCWLA. Our results indicate that SCWLA crowds in intergenerational contact but does not significantly change financial transfers and co-residence patterns. The increase in intergenerational contact is primarily driven by adult children having lower motives for giving. This suggests that old-age allowances may reduce financial entanglement between adult children and older parents and change the social norm by raising “low motivators’” awareness, respect and concern for elderly. Providing public transfer to the elderly should not be hampered by the fear of distorting family support functions.

Gender Classification Based on Iris Recognition Using Artificial Neural Networks

Biometric authentication is one of the most quickly increasing innovations in today's world; this promising technology has seen widespread use in a variety of fields, including surveillance services, safe financial transfers, credit-card authentication. in biometric verification processes such as gender, age, ethnicity is iris recognition technology is considered the most accurate compared to other vital features such as face, hand geometry, and fingerprints. Because the irises in the same person are not similar. In this work, the study of gender classification using Artificial Neural Networks (ANN) based on iris recognition. The eye image data were collected from the IIT Delhi IRIS Database. All datasets of images were processed using various image processing techniques using the neural network. The results obtained showed high performance in training and got good results in testing. ANN's training and testing process gave a maximum performance at 96.4% and 97% respectively.

The Expectation for Risk-Sharing Cycle: Theoretical Model and Global Implementation

In this paper, we offer an explanation to pension systems cyclical reforms, based on Central East Europe (CEE) countries experience over the last three decades. We claim that in the transition to funded pension design, the government not only transfers longevity and fiscal risks to the individualbut also absorbs risks transferred from the public, where each market actor transfers undiversifiable risks to the other. This hidden risk path that has not been discussed yet in the literature, stemmed from the public expectation to risk premium or adequate old age benefits that evolves to political pressure. The outcomes of this risk path realized in financial transfers, such as social security, means-tested and minimum pension guarantee. Consequently, funded pension designs naturally converge to a new landscape paradigm of risk sharing, including intergenerational and intra-generational play. Financial crises such as the recent COVID-19 pandemic foster the convergence process.