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The long-term evolution of intergenerational transfers in Spain (1958-2012)

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  • Concepció Patxot

    (Universitat de Barcelona)

Abstract

National Transfer Accounts (NTA) aim at disentangling how people produce, consume and save along the lifecycle, and how resources move among generations through the different resource allocation devices available (family, market and government). This paper extends the available Spanish NTA estimates (2000 -2012) to the past until 1958, to analyse changes in intergenerational transfers associated to long-term processes such as the demographic transition and the welfare state development. For 1980 and 1990, we provide new estimates based on the Spanish Household Budget Surveys (HBS) while, for previous periods in which HBS do not provide enough information, we resort to the available evidence on demography, national accounts and public finance. The long-term evolution of Spanish NTA shows the increasing weight of government transfers as a device to reallocate resources across generations and the growing importance of the elderly in the system of intergenerational transfers as a result of population ageing.

Suggested Citation

  • Concepció Patxot, 2023. "The long-term evolution of intergenerational transfers in Spain (1958-2012)," UB School of Economics Working Papers 2023/459, University of Barcelona School of Economics.
    • Handle: RePEc:ewp:wpaper:459web
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    File URL: http://hdl.handle.net/2445/203830
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    References listed on IDEAS

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    More about this item

    Keywords

    Ageing; Intergenerational Transfers; National Transfers Accounts; Redistribution.;
    All these keywords.

    JEL classification:

    • N34 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: 1913-
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs

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