On Net Intergenerational Wealth Flows: An Update
AbstractAlmost 30 years have passed since I introduced the concept of "net intergenerational wealth flows" in a "PDR" essay, "Toward a restatement of demographic transition theory." A great deal of research has been published since then, and accordingly an update is needed. That research suggests the following propositions. Immediately before fertility transition, children's farm labor may not quite offset their consumption, although much depends on how far into adulthood they continue to perform at least some work for their parents. In premodern times children may have paid their way because of lower consumption. Research on the pre-transitional value of children's work produced contradictory results because it examined both hunter-gatherer societies, in which both adults and children worked comparatively few hours, and farming societies, in which both worked longer hours. In pre-transitional societies, the insurance value of children was almost unlimited. For most people in most societies, alternative ways of maintaining savings from the earlier to the later stage of the life cycle first became available only when large-scale investment in children's education was possible. The costs and gains from that investment played a major role in the onset of the fertility transition. Copyright 2005 The Population Council, Inc..
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by The Population Council, Inc. in its journal Population and Development Review.
Volume (Year): 31 (2005)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0098-7921
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Solveig Cunningham & Kathryn Yount & Michal Engelman & Emily Agree, 2013. "Returns on Lifetime Investments in Children in Egypt," Demography, Springer, vol. 50(2), pages 699-724, April.
- Daniele Vignoli & Gustavo Santis, 2010. "Individual and Contextual Correlates of Economic Difficulties in Old Age in Europe," Population Research and Policy Review, Springer, vol. 29(4), pages 481-501, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.