Centro de Documentacion de Fundación MAPFRE - Intergenerational time transfer, retirement and public pensions

Notas: Sumario: This paper develops an overlapping generations model with intergenerational transfer of time in the form of grandparenting and pay-as-you-go (PAYG) pension system. The introduction of time transfer allows taking into account child care responsibilities. Under the situation of population ageing, a fall in the fertility rate leads to not only a reduction in contributions to the pension system but also lower childcare responsibilities that increase life-cycle income. Hence, the impacts of demographic changes on old labour decisions and pensions need to be re-examined. I find that in countries with low fertility rates and small pension systems, a fall in fertility rate reduces working time in old ageRegistros relacionados: En: The Journal of the economics of ageing . - Oxford : Elsevier ScienceDirect, 2021-. - 05/02/2024 Volumen 27 - 2024 , 15 p.Materia / lugar / evento: Pensiones Jubilación Longevidad Outras classificações: 345

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