Postponing retirement age and labor force participation : the role of family transfers
AbstractIn this paper, we examine the consequences of delaying retirement in an overlapping generations model with domestic production and parental transfers in the form of grandchild care. We show that a change in age at retirement influences the employment rates of both young and the old. This interdependency stems from the provision of family transfers. Postponing retirement may increase time devoted to grandchild care transfers, which allows the young to work more on the labour market. We then study the conditions under which this positive family externality holds. Finally, using numerical simulations, we assess the consequences of delaying retirement on labour participation and account for public policy implications
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.
Bibliographic InfoPaper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (REL - Recherches Economiques de Louvain) with number 2010041.
Date of creation: 01 Dec 2010
Date of revision:
Retirement; domestic production; family transfers;
Other versions of this item:
- Pascal Belan & Pierre-Jean Messe & François-Charles Wolff, 2010. "Postponing retirement age and labor force participation: the role of family transfers," Recherches économiques de Louvain, De Boeck Université, vol. 76(4), pages 347-370.
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dimova, Ralitza & Wolff, François-Charles, 2006.
"Do Downward Private Transfers Enhance Maternal Labor Supply? Evidence from around Europe,"
IZA Discussion Papers
2469, Institute for the Study of Labor (IZA).
- Ralitza Dimova & François-Charles Wolff, 2011. "Do downward private transfers enhance maternal labor supply? Evidence from around Europe," Journal of Population Economics, Springer, vol. 24(3), pages 911-933, July.
- Ralitza Dimova & François-Charles Wolff, 2009. "Do downward private transfers enhance maternal labor supply ? Evidence from around Europe," Working Papers hal-00418766, HAL.
- de la Croix,David & Michel,Philippe, 2002.
"A Theory of Economic Growth,"
Cambridge University Press, number 9780521001151, November.
- François-Charles Wolff, 2006. "Parental transfers and the labor supply of children," Journal of Population Economics, Springer, vol. 19(4), pages 853-877, October.
- Casamatta, Georges & Cremer, Helmuth & Pestieau, Pierre, 2004.
"Is there a Political Support for the Double Burden on Prolonged Activity?,"
IDEI Working Papers
315, Institut d'Économie Industrielle (IDEI), Toulouse.
- Georges Casamatta & Helmuth Cremer & Pierre Pestieau, 2006. "Is there a Political Support for the Double Burden on Prolonged Activity?," Economics of Governance, Springer, vol. 7(2), pages 143-154, May.
- Casamatta, Georges & Cremer, Helmuth & Pestieau, Pierre, 2004. "Is There a Political Support for the Double Burden on Prolonged Activity?," CEPR Discussion Papers 4706, C.E.P.R. Discussion Papers.
- CASAMATTA, Georges & CREMER, Helmuth & PESTIEAU, Pierre, . "Is there a political support for the double burden on prolonged activity?," CORE Discussion Papers RP -1865, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Wolff, Francois-Charles, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
- Echevarria, Cruz A., 2004. "Life expectancy, retirement and endogenous growth," Economic Modelling, Elsevier, vol. 21(1), pages 147-174, January.
- Masaru Sasaki, 2002. "The Causal Effect of Family Structure on Labor Force Participation among Japanese Married Women," Journal of Human Resources, University of Wisconsin Press, vol. 37(2), pages 429-440.
- Janice Compton & Robert A. Pollak, 2011. "Family Proximity, Childcare, and Women's Labor Force Attachment," NBER Working Papers 17678, National Bureau of Economic Research, Inc.
- admin, clsrn, 2011. "The Mom Effect: Family Proximity and the Labour Force Status of Women in Canada," CLSSRN working papers clsrn_admin-2011-30, Vancouver School of Economics, revised 28 Nov 2011.
- Compton, Janice & Pollak, Robert A., 2014. "Family proximity, childcare, and women’s labor force attachment," Journal of Urban Economics, Elsevier, vol. 79(C), pages 72-90.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sebastien SCHILLINGS).
If references are entirely missing, you can add them using this form.