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Intergenerational Flows of Time and Goods: Consequences of Slowing Population Growth

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  • Lee, Ronald D
  • Lapkoff, Shelley

Abstract

This paper develops a theoretical model of intergenerational transfers inc orporating time use. With the aid of time budget and consumer expendi ture surveys, empirical estimates of the age profiles of various type s of time and goods consumption are presented, and the authors conclu de that (1) the net direction of intergenerational transfers is from younger to older ages; (2) under the golden-rule assumption, these tr ansfers largely constitute an externality to childbearing; and (3) th ey are not large enough to offset the capital dilution effect that wo uld result from higher fertility and more rapid population growth. Copyright 1988 by University of Chicago Press.

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Bibliographic Info

Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 96 (1988)
Issue (Month): 3 (June)
Pages: 618-51

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Handle: RePEc:ucp:jpolec:v:96:y:1988:i:3:p:618-51

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Web page: http://www.journals.uchicago.edu/JPE/

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Cited by:
  1. Dalen, H.P. van, 1996. "Pitfalls in the economic analysis of aging," Open Access publications from Tilburg University urn:nbn:nl:ui:12-3107374, Tilburg University.
  2. T. Paul Schultz, 2004. "Demographic Determinants of Savings: Estimating and Interpreting the Aggregate Association in Asia," Working Papers 901, Economic Growth Center, Yale University.
  3. Laitner, John & Juster, F Thomas, 1996. "New Evidence on Altruism: A Study of TIAA-CREF Retirees," American Economic Review, American Economic Association, vol. 86(4), pages 893-908, September.
  4. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Public education under capital mobility," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 2005-2036, October.

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