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Social Security and Family Support

Author

Listed:
  • M.L. Leroux
  • P. Pestieau

Abstract

This paper shows how the role of the market, the state and the family in providing oldage support has evolved over time with changes in factors such as the reliability and the effectiveness of family support, the interest rate, the cost of public funds, and earning inequality. Agents with different productivity vote over the size of a Beveridgian pension system. When children assistance is certain, agents may rely exclusively on family and prefer no pension. However, when the size and the probability of family generosity decrease, social security is more likely to emerge.

Suggested Citation

  • M.L. Leroux & P. Pestieau, 2014. "Social Security and Family Support," Canadian Journal of Economics, Canadian Economics Association, vol. 47(1), pages 115-143, February.
    • Handle: RePEc:cje:issued:v:47:y:2014:i:1:p:115-143
    DOI: 10.1111/caje.12068
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    Citations

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    Cited by:

    1. Neugart, Michael & Kemmerling, Achim, 2015. "The emergence of redistributive pensions in the developing world," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112884, Verein für Socialpolitik / German Economic Association.
    2. Quang-Thanh Tran & Akiomi Kitagawa, 2025. "Dual Caregiving, Declining Birth Rate, and Economic Sustainability," Working Papers 193, Development and Policies Research Center (DEPOCEN), Vietnam, revised 14 Nov 2025.
    3. Chiara Canta & Pierre Pestieau & Emmanuel Thibault, 2016. "Long-term care and capital accumulation: the impact of the State, the market and the family," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(4), pages 755-785, April.
    4. Mikko Puhakka & Matti Viren, 2012. "Social Security, Saving and Fertility," Finnish Economic Papers, Finnish Economic Association, vol. 25(1), pages 28-42, Spring.
    5. Quang-Thanh Tran, 2025. "Dual Caregiving and Overlapping Generations," TUPD Discussion Papers 64, Graduate School of Economics and Management, Tohoku University.
    6. Alok Kumar, 2019. "Old-Age Income Support, Human Capital Investment, and Efficiency: Rotten-Kid Theorem Meets Samaritan's Dilemma," Department Discussion Papers 1902, Department of Economics, University of Victoria.
    7. Cremer, Helmuth & Gahvari, Firouz & Pestieau, Pierre, 2017. "Uncertain altruism and the provision of long term care," Journal of Public Economics, Elsevier, vol. 151(C), pages 12-24.
    8. Richard C. Barnett & Joydeep Bhattacharya & Mikko Puhakka, 2018. "Private versus public old-age security," Journal of Population Economics, Springer;European Society for Population Economics, vol. 31(3), pages 703-746, July.
    9. Akira Yakita, 2020. "Fertility decisions of families in an intergenerational exchange model," Review of Development Economics, Wiley Blackwell, vol. 24(4), pages 1447-1462, November.
    10. Degan, Arianna & Thibault, Emmanuel, 2016. "Dynastic accumulation of wealth," Mathematical Social Sciences, Elsevier, vol. 81(C), pages 66-78.
    11. Lefebvre, Mathieu & Pestieau, Pierre & Schoenmaeckers, Jérôme, 2025. "Grandchild care and eldercare. A quid pro quo arrangement," Economic Modelling, Elsevier, vol. 146(C).
    12. Achim Kemmerling & Michael Neugart, 2019. "Redistributive pensions in the developing world," Review of Development Economics, Wiley Blackwell, vol. 23(2), pages 702-726, May.
    13. Yakita, Akira, 2020. "Economic development and long-term care provision by families, markets and the state," The Journal of the Economics of Ageing, Elsevier, vol. 15(C).
    14. Yakita, Akira, 2019. "Optimal long-term care policy in an intergenerational exchange setting," Research in Economics, Elsevier, vol. 73(4), pages 321-328.

    More about this item

    JEL classification:

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

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