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Intergenerational Flows of Time and Goods: Consequences of Slowing Population Growth

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  • Lee, Ronald D
  • Lapkoff, Shelley

Abstract

This paper develops a theoretical model of intergenerational transfers inc orporating time use. With the aid of time budget and consumer expendi ture surveys, empirical estimates of the age profiles of various type s of time and goods consumption are presented, and the authors conclu de that (1) the net direction of intergenerational transfers is from younger to older ages; (2) under the golden-rule assumption, these tr ansfers largely constitute an externality to childbearing; and (3) th ey are not large enough to offset the capital dilution effect that wo uld result from higher fertility and more rapid population growth. Copyright 1988 by University of Chicago Press.

Suggested Citation

  • Lee, Ronald D & Lapkoff, Shelley, 1988. "Intergenerational Flows of Time and Goods: Consequences of Slowing Population Growth," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 618-651, June.
    • Handle: RePEc:ucp:jpolec:v:96:y:1988:i:3:p:618-51
    DOI: 10.1086/261554
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    Cited by:

    1. T. Paul Schultz, 2004. "Demographic Determinants of Savings: Estimating and Interpreting the Aggregate Association in Asia," Working Papers 901, Economic Growth Center, Yale University.
    2. Zvi Eckstein & Pedro Mira & Kenneth I. Wolpin, 1999. "A Quantitative Analysis of Swedish Fertility Dynamics: 1751-1990," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 137-165, January.
    3. Christopher House & John Laitner & Dmitriy Stolyarov, 2008. "Valuing Lost Home Production Of Dual Earner Couples," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 49(2), pages 701-736, May.
    4. Daniel R. Mullins & Sally Wallace, 1996. "Changing Demographics and State Fiscal Outlook: the Case of Sales Taxes," Public Finance Review, , vol. 24(2), pages 237-262, April.
    5. van Dalen, Hendrik P., 1996. "Pitfalls in the economic analysis of aging," Journal of Policy Modeling, Elsevier, vol. 18(2), pages 157-184, April.
    6. C. Chu, 1997. "Age-distribution dynamics and aging indexes," Demography, Springer;Population Association of America (PAA), vol. 34(4), pages 551-563, November.
    7. Laitner, John & Juster, F Thomas, 1996. "New Evidence on Altruism: A Study of TIAA-CREF Retirees," American Economic Review, American Economic Association, vol. 86(4), pages 893-908, September.
    8. Samuel Preston, 1993. "The contours of demography: Estimates and projections," Demography, Springer;Population Association of America (PAA), vol. 30(4), pages 593-606, November.
    9. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Public education under capital mobility," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 2005-2036, October.
    10. Angus Deaton & Christina Paxson, 1997. "The effects of economic and population growth on national saving and inequality," Demography, Springer;Population Association of America (PAA), vol. 34(1), pages 97-114, February.
    11. Jue (Jessie) Wang, 2022. "Hire or care: the effects of aging parents on household labor supply," Review of Economics of the Household, Springer, vol. 20(3), pages 921-954, September.
    12. Christopher House & John Laitner & Dmitriy Stolyarov, 2008. "Valuing Lost Home Production Of Dual Earner Couples," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 49(2), pages 701-736, May.

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