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Healthy Grands, Fertility and Pensions

Author

Listed:
  • Cipriani Giam Pietro

    (Department of Economics, 19051 University of Verona and IZA, Polo Universitario Santa Marta , Via Cantarane 24, 37129 Verona, Italy)

  • Fioroni Tamara

    (Department of Economics, 19051 University of Verona, Polo Universitario Santa Marta , Via Cantarane 24, 37129 Verona, Italy)

Abstract

In this paper, we build a simple overlapping generations model with endogenous fertility and a PAYG pension system. Children are costly, but healthy grandparents can reduce this cost by providing grandparental care. However, if grandparents are unhealthy, their adult children have to spend time caring for them. The results show how longevity and grandparenting affect equilibrium fertility and pensions, depending on the elderly’s health, thus adding two important dimensions – grandparenting and elderly health – to the stylized textbook OLG model with longevity and endogenous fertility.

Suggested Citation

  • Cipriani Giam Pietro & Fioroni Tamara, 2025. "Healthy Grands, Fertility and Pensions," The B.E. Journal of Macroeconomics, De Gruyter, vol. 25(1), pages 121-145.
    • Handle: RePEc:bpj:bejmac:v:25:y:2025:i:1:p:121-145:n:1010
    DOI: 10.1515/bejm-2024-0112
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    More about this item

    Keywords

    OLG model; PAYG pension; endogenous fertility; grandparenting;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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