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Intergenerational Time Transfers and Childcare Author info | Abstract | Publisher info | Download info | Related research | Statistics Emanuela Cardia (Universite de Montreal)
Serena Ng (Johns Hopkins University)
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Although intergenerational transfers of time in the form of grandparenting are substantial, little is known about their role and importance. In this paper, we calibrate an overlapping generations model extended to allow for both time and monetary transfers to the US economy. We use simulations to show that time transfers have important positive effects on labor supply and capital accumulation. We also find that subsidizing the time of the retired spent grandparenting is the most effective child care policy when time transfers are allowed, while subsidizing child care expenses is the most effective when time transfers are not. They both lead to higher levels of child care with positive effects on output and capital accumulation. (Copyright: Elsevier)
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics .
Volume (Year): 6 (2003)
Issue (Month): 2 (April)
Pages: 431-454
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Handle: RePEc:red:issued:v:6:y:2003:i:2:p:431-454Contact details of provider: Postal: Review of Economic Dynamics Academic Press Editorial Office 525 "B" Street, Suite 1900 San Diego, CA 92101 Fax: 1-860-486-4463 Email: Web page: http://www.EconomicDynamics.org/review.htm More information through EDIRC
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Keywords: Intergenerational transfers ; Time use ; Child care ; Home production ; Grandparenting ; Overlapping generations ; Other versions of this item:
Find related papers by JEL classification: J1 - Labor and Demographic Economics - - Demographic Economics J2 - Labor and Demographic Economics - - Demand and Supply of Labor D9 - Microeconomics - - Intertemporal Choice and Growth
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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