Healthy Grands, Fertility and Pensions

Cipriani Giam Pietro () and Fioroni Tamara ()
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Cipriani Giam Pietro: Department of Economics, 19051 University of Verona and IZA, Polo Universitario Santa Marta , Via Cantarane 24, 37129 Verona, Italy
Fioroni Tamara: Department of Economics, 19051 University of Verona, Polo Universitario Santa Marta , Via Cantarane 24, 37129 Verona, Italy

The B.E. Journal of Macroeconomics, 2025, vol. 25, issue 1, 121-145

Abstract: In this paper, we build a simple overlapping generations model with endogenous fertility and a PAYG pension system. Children are costly, but healthy grandparents can reduce this cost by providing grandparental care. However, if grandparents are unhealthy, their adult children have to spend time caring for them. The results show how longevity and grandparenting affect equilibrium fertility and pensions, depending on the elderly’s health, thus adding two important dimensions – grandparenting and elderly health – to the stylized textbook OLG model with longevity and endogenous fertility.

Keywords: OLG model; PAYG pension; endogenous fertility; grandparenting (search for similar items in EconPapers)
JEL-codes: H55 J11 J13 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1515/bejm-2024-0112

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