Intergenerational Wealth Dynamics in an Aging Society: A Panel Data Analysis of Economic Inequality across Vietnamese Provinces
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 12
Abstract
This study investigates the relationship between population aging and economic inequality in Vietnam, utilizing a comprehensive provincial panel dataset spanning from 2010 to 2022 across all 63 provinces. Through dynamic panel estimation techniques and heterogeneity analysis, we examine both the direct effects of aging on inequality and the various mechanisms through which this relationship operates across different regional and socioeconomic contexts within Vietnam. Our findings reveal a significant positive relationship between aging and inequality, with a one percentage point increase in the elderly dependency ratio associated with a 0.058 point increase in the Gini coefficient. The impact demonstrates substantial regional heterogeneity, with stronger effects observed in more developed provinces and urban areas such as Ho Chi Minh City and Hanoi. During this crucial period of Vietnam's demographic transition, temporal analysis indicates that aging effects persist for approximately three years, with an 18-month adjustment half-life, suggesting significant cumulative impacts over time. The moderating effect of social security coverage, while present, appears modest in mitigating aging-induced inequality. This research contributes to the existing literature by providing the first comprehensive analysis of dynamic aging-inequality relationships in Vietnam during a period of rapid socioeconomic transformation, introducing novel evidence on provincial heterogeneities, and establishing a temporal framework for understanding adjustment processes. These findings have important implications for policy design, suggesting the need for regionally targeted interventions and forward-looking policy approaches that account for cumulative demographic effects in Vietnam's rapidly aging society.
Authors and Affiliations
Thuy Song Thu HUYNH
Keywords
Related Articles
- EP ID EP754020
- DOI 10.47191/jefms/v7-i12-54
- Views 23
- Downloads 0
Human Capital Accounting for Sustainable Performance of the Financial Sector Businesses in Nigeria
The study investigated on Human Capital Accounting for sustainable performance of the financial sector businesses in Nigeria for the period 2008 -2021. Human Capital Accounting was proxied by staff development cost and t...
Integration is Success Model as an Evaluation Factor of Local Government Information Systems in Indonesia
The increasing development of information and communication technology has impacted changes in all fields including the government sector, marked by the implementation of new policies, namely Minister of Home Affairs Reg...
Auditor Ethics Moderates the Effect of Independence and Competence on Audit Quality
The auditors are expected to improve the quality of the audit through independence, competence, and are guided by the ethics of auditors. This research aims to test the effect of auditor independence and competence of au...
Effect of CEO Ownership Power and Integrated Reporting Among Listed Firms in East Africa
Purpose – The pressure on businesses to disclose information that goes beyond the financial aspects and includes non-financial information has grown as social, environmental, and accountability issues are receiving more...
The Influence of Personality and Job Embeddedness on Organizational Citizenship Behavior (OCB) in the Management of the West Nusa Tenggara Provincial Zakat Agency (Baznas NTB)
OCB is a form of behavior that is an individual choice and initiative, which is not related to the organization's formal reward system but rather in aggregate increases organizational effectiveness. The aim of this study...