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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. Schultz, T. Paul, 2005. "Demographic Determinants of Savings: Estimating and Interpreting the Aggregate Association in Asia," IZA Discussion Papers 1479, Institute for the Study of Labor (IZA).
  2. John Laitner & Chris House & Dmitri Stolyarov, 2005. "Valuing Lost Home Production for Dual-Earner Couples," Working Papers wp097, University of Michigan, Michigan Retirement Research Center.
  3. 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.
  4. van Dalen, Hendrik P., 1996. "Pitfalls in the economic analysis of aging," Journal of Policy Modeling, Elsevier, vol. 18(2), pages 157-184, April.
  5. John Laitner & F. Thomas Juster, 1993. "New evidence on altruism: a study of TIAA-CREF retirees," Discussion Paper / Institute for Empirical Macroeconomics 86, Federal Reserve Bank of Minneapolis.

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