Life Expectancy, the Labor Supply of the Elderly and Fertility

Akira Yakita

Chapter Chapter 3 in Population Aging, Fertility and Social Security, 2017, pp 27-42 from Springer

Abstract: Abstract This chapter examines the effect of increases in life expectancy on fertility decisions of individuals if they can work in their old age by using the extended lifecycle model à la Feldstein (Am Econ Rev 66(2):77–86, 1976; The Economics of Public Services, The Macmillan Press, 1977) and Hu (Am Econ Rev 69(3):274–283, 1979). If individuals can complement consumption with the elderly labor supply in old age, they can appropriate more time for child rearing in young age rather than earning and saving wage income for consumption during retirement.

Keywords: Labor Market; Life Expectancy; Labor Supply; Life Expectancy Increase; Labor Force Participation Rate (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-47644-5_3

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