Published online by Cambridge University Press: 21 December 2021
Introduction
Since 2000, social investment has risen up the policy agenda across the globe. The idea is to replace the traditional welfare state strategy – that is, providing direct cash benefits, with a social investment state which focuses on human capital development in order to afford sustainable economic growth and the welfare of the population (Hemerijck, 2007: 12–13). Social investment strategy emphasises preparing rather than repairing, focusing on the roots of social problems. In that regard, social investment strategies call for investing in children to maximise their life-cycle opportunities, from which principle has emerged the key strategy of expanding childcare services. Childcare provisions enable parents, particularly young mothers, to remain in the paid labour market, and improves children's life chances by preparing them for future human capital development (Esping-Andersen et al, 2002).
At the same time, there has been growing interest in the provision of informal childcare that complements formal childcare arrangements. People, especially women, in their fifties and sixties, have relatively low labour market participation rates, but they play a central role in enabling mothers with children under 5 years old to take up or remain in paid work (Hank and Kreyenfeld, 2003; Gray, 2005). Research has also increasingly underlined the importance of grandparenting that facilitates child development, and raising a grandchild simultaneously influences grandparents’ motivation to keep healthy and in touch with their grandchildren (Coall and Hertwig, 2011). Thus, it looks like a win–win situation, as grandparenting benefits not only grandchildren but also grandparents. Besides the positive evidence, however, it has also been suggested that grandparenting may have a harmful impact on the grandparents’ health and social engagement (Minkler and Fuller-Thomson, 1999; Chen and Liu, 2011; Grundy et al, 2012).
This chapter seeks to understand the equivocal findings of previous studies by analysing multiple aspects of grandparenting, and examines the cost–benefit trade-offs of grandparenting while being mindful of policy contexts such as public childcare services. To examine whether and how childcare programme correlates differ across a wide range of contexts, this study focuses on grandparenting in South Korea (hereafter, Korea) and the United Kingdom. This chapter uses data from the Korea Time Use Survey (K-TUS) and UK Time Use Survey (UK-TUS) to analyse the amount of time spent by older adults in providing childcare, and their general use of time in other activities.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.