Intergenerational transfers and demographic transition
نویسندگان
چکیده
منابع مشابه
Intergenerational Transfers and Demographic Transition
This paper presents an analysis of demographic transition based on the endogenous evolution of intergenerational transfers along an economy’s endogenous path of development. Two-period-lived agents belonging to overlapping generations choose optimally their desired levels of consumption and fertility, together with their desired sizes of transfers to both parents and children. Parents are more ...
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This paper shows that, when the supply side dynamics is modelled along the lines suggested by the endogenous growth literature, it is possible that properly designed unfunded schemes would promote growth. The reduction in savings when an intergenerational transfer programme is introduced has a negative impact on capital accumulation and output. However, in the long run the saving rate will be g...
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In the presence of endogenous growth intergenerational transfer from the young to the old reduce per capita income growth and harm future generations. On the other hand, competitive equilibria are inefficient if externalities sustain long-run growth. This paper shows that if individuals retire in the last period of their life, the inefficiency of the market economy can be removed by an investme...
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Although intergenerational transfers of time in the form of grandparenting are substantial, little is known about their role and importance. In this paper, we calibrate an overlapping generations model extended to allow for both time and monetary transfers to the US economy. We use simulations to show that time transfers have important positive effects on labor supply and capital accumulation. ...
متن کاملINTERGENERATIONAL TRANSFERS AND THE DEMONSTRATION EFFECT by
Griliches and the anonymous referee for very helpful comments. Partial financial support from the World Bank through RPO 676-24 is gratefully acknowledged. How can parents secure old-age support in the form of care, attention or financial transfers from their children? We explore the enforcement of implicit intergenerational agreements from a fresh angle by studying the possibility that the chi...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2005
ISSN: 0304-3878
DOI: 10.1016/j.jdeveco.2004.08.003