Parental Financial Support and Marriage Timing of Young Adults in South Korea

Phil-Suk Kim , University of Seoul
Yun-Suk Lee, University of Seoul

While increasing young adults receive economic supports from their parents, few examine the role that downward transfers play in their entrance into marital union. We investigate whether the downward transfers influence young adults’ marital timing in Korea. We also examine whether the effects vary by the young adults’ gender and employment status. We use a sample of 5,523 unmarried young adults older than 18 at the baseline from the 2007-2014 waves of the Youth Panel, a nationally representative longitudinal survey of 15- to 29-year-old young adults in Korea. Event history analyses indicate that those who receive financial support from their parents are less likely to get married. Also we find that those receiving financial help from parents are much less likely to get married when they are men and unemployed.

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 Presented in Session 4. Marriage, Family, Households, & Unions