Postponing retirement age and labor force participation: the role of family transfers
In 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 the 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 labor 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 labor participation and account for public policy implications. JEL Classification: J26.
Volume (Year): 76 (2010)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.cairn.info/revue-recherches-economiques-de-louvain.htm|
References listed on IDEAS
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.:
- de la Croix,David & Michel,Philippe, 2002.
"A Theory of Economic Growth,"
Cambridge University Press, number 9780521806428, November.
- François-Charles Wolff, 2006. "Parental transfers and the labor supply of children," Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(4), pages 853-877, October.
- Ralitza Dimova & François-Charles Wolff, 2011.
"Do downward private transfers enhance maternal labor supply? Evidence from around Europe,"
Journal of Population Economics,
Springer;European Society for Population Economics, 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.
- 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).
- 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, . "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).
- 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.
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:cai:reldbu:rel_764_0347. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.