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Intergenerational Time Transfers and Childcare

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Author Info

  • Emanuela Cardia

    (Universite de Montreal)

  • Serena Ng

    (Johns Hopkins University)

Abstract

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. We also find that subsidizing the time of the retired spent grandparenting is the most effective child care policy when time transfers are allowed, while subsidizing child care expenses is the most effective when time transfers are not. They both lead to higher levels of child care with positive effects on output and capital accumulation. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1016/S1094-2025(03)00009-7
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Bibliographic Info

Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 6 (2003)
Issue (Month): 2 (April)
Pages: 431-454

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Handle: RePEc:red:issued:v:6:y:2003:i:2:p:431-454

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Related research

Keywords: Intergenerational transfers; Time use; Child care; Home production; Grandparenting; Overlapping generations;

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References

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  1. Greenwood, J. & Hercowitz, Z., 1991. "The Allocation of Capital and Time Over the Business Cycle," RCER Working Papers 268, University of Rochester - Center for Economic Research (RCER).
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Citations

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Cited by:
  1. CARDIA, Emanuela & MICHEL, Philippe, 2003. "Altruism, Intergenerational Transfers of Time and Bequests," Cahiers de recherche 02-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  2. Laurent Gobillon & François-Charles Wolff, 2009. "Housing and locations choices of retiring households : Evidence from France," Working Papers 162, Institut National d'Études Démographiques (INED).
  3. Atsue Mizushima, 2008. "Intergenerational Transfers of Time and Public Long-term Care with an Aging Population," Economics Working Papers ECO2008/36, European University Institute.
  4. Eva Garcia-Moran & Zoe Kuehn, 2012. "With Strings Attached: Grandparent-Provided Child care, Fertility, and Female Labor Market Outcomes," CEPRA working paper 1202, USI Università della Svizzera italiana.
  5. Rydell, Ingrid, 2005. "Equity, Justice, Interdependence: Intergenerational Transfers and the Ageing Population," Arbetsrapport 2005:5, Institute for Futures Studies.
  6. Paolo Porchia & Pedro Gete, 2011. "Fertility and Consumption when Having a Child is a Risky Investment," 2011 Meeting Papers 563, Society for Economic Dynamics.
  7. Alessandra Casarico & Luca Micheletto & Alessandro Sommacal, 2011. "Intergenerational Transmission of Skills during Childhood and Optimal Public Policy," CESifo Working Paper Series 3343, CESifo Group Munich.
  8. Alessandra Casarico & Alessandro Sommacal, 2008. "Labor Income Taxation, Human Capital and Growth: The Role of Child Care," CESifo Working Paper Series 2363, CESifo Group Munich.
  9. Gete, Pedro & Porchia, Paolo, 2010. "Fertility and Consumption when Having a Child is a Risky Investment," MPRA Paper 27885, University Library of Munich, Germany.

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