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Life Expectancy, the Labor Supply of the Elderly and Fertility

In: Population Aging, Fertility and Social Security

Author

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  • Akira Yakita

    (Nanzan University)

Abstract

This chapter examines the effect of increases in life expectancy on fertility decisions of individuals if they can work in their old age by using the extended lifecycle model à la Feldstein (Am Econ Rev 66(2):77–86, 1976; The Economics of Public Services, The Macmillan Press, 1977) and Hu (Am Econ Rev 69(3):274–283, 1979). If individuals can complement consumption with the elderly labor supply in old age, they can appropriate more time for child rearing in young age rather than earning and saving wage income for consumption during retirement.

Suggested Citation

  • Akira Yakita, 2017. "Life Expectancy, the Labor Supply of the Elderly and Fertility," Population Economics, in: Population Aging, Fertility and Social Security, chapter 0, pages 27-42, Springer.
    • Handle: RePEc:spr:popchp:978-3-319-47644-5_3
    DOI: 10.1007/978-3-319-47644-5_3
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    Cited by:

    1. Tran, Quang-Thanh, 2022. "The aging tax on potential growth in Asia," Journal of Asian Economics, Elsevier, vol. 81(C).

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