Pensions and fertility microeconomic evidence by Alexander M. Danzer and Lennard Zyska
By: Danzer, Alexander M
.
Contributor(s): Zyska, Lennard.
Material type: 
ArticleSubject(s): PENSIONES | BIENESTAR SOCIAL | FERTILIDAD | NATALIDAD | MUJERES | TRABAJO | CONCILIACIÓN | PLANIFICACION FAMILIAR | DESARROLLO ECONOMICO | ANALISIS MICROECONOMICO
In:
American Economic Journal : Economic Policy v. 51, n. 2, May 2023, p. 126-165Summary: 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.
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Resumen.
Bibliografía.
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.
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