Population Ageing and Non-market labor

This study examined the intergenerational resource allocation by measuring the scale of production and consumption of non-market labor with age as the unit. In addition, this study compared the results with the intergenerational resource allocation of market labor, and analyzed the difference between genders. For the non-market labor, the National Time Transfer Accounts (NTTA) methodology was applied by using the Time Use Survey in 2004.
As a result of analysis, the annual scale of non-market labor accounts for about 40% of market labor, and the scale of consumption by life-cycle remained steadier when considering non-market labor. In addition, the scale of consumption of children was expanded by 67%, and the burden of support of adult parents for their children increased by 52%. In view of the intergenerational resource allocation of non-market labor by gender, men are the net beneficiary of non-market labor regardless of their age, and women are identified to be the net contributor of non-market labor in the prime working ages and elderly.
The finding of this study is as follows. First, women increase the social welfare of household members through non-market labor. Second, this study attempted an empirical analysis on the retirement-consumption puzzle considering the non-market labor.