Population Aging, Intergenerational Transfers, and the Macroeconomy
نویسندگان
چکیده
منابع مشابه
Population Aging and Intergenerational Transfers: Introducing Age into National Accounts
In all societies intergenerational transfers are large and have a strong influence on inequality and growth. The development of each generation of youth depends on the resources that productive members of society devote to their health, education, and sustenance. The well-being of the elderly depends on familial support and a variety of social programs. The National Transfer Accounts (NTA) syst...
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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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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 ...
متن کاملPareto-improving intergenerational transfers
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...
متن کاملIntergenerational time transfers and childcare ✩
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. ...
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ژورنال
عنوان ژورنال: Canadian Studies in Population
سال: 2011
ISSN: 1927-629X,0380-1489
DOI: 10.25336/p69049