Loading [MathJax]/extensions/tex2jax.js

Pensions and Fertility: Microeconomic Evidence

Publikation: Beitrag in FachzeitschriftArtikelForschungPeer-Review

Autorschaft

  • Alexander M. Danzer
  • Lennard Zyska

Externe Organisationen

  • Katholische Universität Eichstätt-Ingolstadt

Details

OriginalspracheEnglisch
Seiten (von - bis)126-165
Seitenumfang40
FachzeitschriftAmerican Economic Journal: Economic Policy
Jahrgang15
Ausgabenummer2
PublikationsstatusVeröffentlicht - Mai 2023
Extern publiziertJa

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

Zitieren

Pensions and Fertility: Microeconomic Evidence. / Danzer, Alexander M.; Zyska, Lennard.
in: American Economic Journal: Economic Policy, Jahrgang 15, Nr. 2, 05.2023, S. 126-165.

Publikation: Beitrag in FachzeitschriftArtikelForschungPeer-Review

Danzer AM, Zyska L. Pensions and Fertility: Microeconomic Evidence. American Economic Journal: Economic Policy. 2023 Mai;15(2):126-165. doi: 10.1257/pol.20200440
Danzer, Alexander M. ; Zyska, Lennard. / Pensions and Fertility : Microeconomic Evidence. in: American Economic Journal: Economic Policy. 2023 ; Jahrgang 15, Nr. 2. S. 126-165.
Download
@article{84d3717b815a4414a7aed1f3ababba8e,
title = "Pensions and Fertility: Microeconomic Evidence",
abstract = "This study identifies the causal effect of pension generosity on women{\textquoteright}s fertility behavior. It capitalizes on Brazil{\textquoteright}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.",
author = "Danzer, {Alexander M.} and Lennard Zyska",
note = "Publisher Copyright: {\textcopyright} 2023, American Economic Journal: Economic Policy. All Rights Reserved.",
year = "2023",
month = may,
doi = "10.1257/pol.20200440",
language = "English",
volume = "15",
pages = "126--165",
journal = "American Economic Journal: Economic Policy",
issn = "1945-7731",
publisher = "American Economic Association",
number = "2",

}

Download

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 -