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Retired parents might invest time into their adult children by providing childcare. Such intergenerational time transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on adult children's fertility. We use representative panel data...
Persistent link: https://www.econbiz.de/10012840452
In this paper, we analyse the effects of demographic change on a PAYG pension system, financed with a defined contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three-period overlapping generations model. We focus on both the case of...
Persistent link: https://www.econbiz.de/10012870250
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection …
Persistent link: https://www.econbiz.de/10012838469
Standard consumption utility is linked in time to a consumption event, whereas the timing of prosocial utility flows is ambiguous. Prosocial utility may depend on the actual utility consequences for others – it is consequence-dated – or it may be related to the act of giving and is thus...
Persistent link: https://www.econbiz.de/10013250248
stage, determines the optimum level of the transfer within a relationship of one-sided altruism. In the second stage, the … compensatory way in an altruism model …
Persistent link: https://www.econbiz.de/10012776754
The paper aims to ascertain whether voluntary money transfers may be explained by the existence of self-enforcing family constitutions. We identify a circumstance in which an agent will behave differently if she is optimizing subject to a family constitution, than if she is moved by either...
Persistent link: https://www.econbiz.de/10013319316
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal … care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker's rotten kids theorem holds for the …
Persistent link: https://www.econbiz.de/10013051795
This chapter connects population aging with international migration. After documenting the trends for both, we review the supply-push and demand-pull determinants of migration, focusing particularly on the role of age and aging. We subsequently discuss the literature concerning the implications...
Persistent link: https://www.econbiz.de/10013031088
Economic preferences are important for lifetime outcomes such as educational achievements, health status, or labor market success. We present a holistic view of how economic preferences are related within families. In an experiment with 544 families (and 1,999 individuals) from rural Bangladesh...
Persistent link: https://www.econbiz.de/10012828606
It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its … consumer optimization model that incorporates endogenous fertility as well as endogenous education and health investments. The … model shows that a fertility decline induces higher education and health investments that are able to compensate for …
Persistent link: https://www.econbiz.de/10013106652