The debate concerning the future of retirement schemes focuses too often on the relations between the market and the State, while underestimating the role of the family, or rather of heterogeneous families with respect to financial means, the importance of liquidity constraints, but also regarding the number and the preferences of overlapping generations. The objective of the paper is to better understand the interactions between public redistribution and intergenerational reciprocities within the family - whether upward or downward, direct or "indirect", backward - or forward-looking, instantaneous or deferred reciprocities. French data (concerning, notably, three a adult generations families) allow to undermine some prejudices about the consequences of population aging. They also reveal the importance of "retrospective effects" : transfer behaviours appear, everything being equal, stongly influenced by those of the previous generation.
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Publisher Info
Paper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number
1999-19.