Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 126-165 |
| Seitenumfang | 40 |
| Fachzeitschrift | American Economic Journal: Economic Policy |
| Jahrgang | 15 |
| Ausgabenummer | 2 |
| Publikationsstatus | Veröffentlicht - Mai 2023 |
| Extern publiziert | Ja |
Abstract
This study identifies the causal effect of pension generosity on women’s fertility behavior. It capitalizes on Brazil’s expansion of the pension system to rural workers, whose pension wealth subsequently more than tripled. Difference-in-difference, instrumental variable, and event study methods show that the pension reform reduces the propensity of childbearing of women of fertile age by 8 percent in the short run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the contribution base of the pay-as-you-go pension system in the long run. The fertility response is strongest at higher birth parities, among older women, and among mothers with sons.
ASJC Scopus Sachgebiete
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Allgemeine Ökonomie, Ökonometrik und Finanzen
Zitieren
- Standard
- Harvard
- Apa
- Vancouver
- BibTex
- RIS
in: American Economic Journal: Economic Policy, Jahrgang 15, Nr. 2, 05.2023, S. 126-165.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Pensions and Fertility
T2 - Microeconomic Evidence
AU - Danzer, Alexander M.
AU - Zyska, Lennard
N1 - Publisher Copyright: © 2023, American Economic Journal: Economic Policy. All Rights Reserved.
PY - 2023/5
Y1 - 2023/5
N2 - This study identifies the causal effect of pension generosity on women’s fertility behavior. It capitalizes on Brazil’s expansion of the pension system to rural workers, whose pension wealth subsequently more than tripled. Difference-in-difference, instrumental variable, and event study methods show that the pension reform reduces the propensity of childbearing of women of fertile age by 8 percent in the short run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the contribution base of the pay-as-you-go pension system in the long run. The fertility response is strongest at higher birth parities, among older women, and among mothers with sons.
AB - This study identifies the causal effect of pension generosity on women’s fertility behavior. It capitalizes on Brazil’s expansion of the pension system to rural workers, whose pension wealth subsequently more than tripled. Difference-in-difference, instrumental variable, and event study methods show that the pension reform reduces the propensity of childbearing of women of fertile age by 8 percent in the short run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the contribution base of the pay-as-you-go pension system in the long run. The fertility response is strongest at higher birth parities, among older women, and among mothers with sons.
UR - http://www.scopus.com/inward/record.url?scp=85163345085&partnerID=8YFLogxK
U2 - 10.1257/pol.20200440
DO - 10.1257/pol.20200440
M3 - Article
AN - SCOPUS:85163345085
VL - 15
SP - 126
EP - 165
JO - American Economic Journal: Economic Policy
JF - American Economic Journal: Economic Policy
SN - 1945-7731
IS - 2
ER -