Postponing retirement age and labor force participation: the role of family transfers

Pascal Belan (), Pierre-Jean Messe () and François-Charles Wolff
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Pierre-Jean Messe: LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes

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Abstract: In this paper, we examine the consequences of delaying retirement in an overlapping generations model with domestic production and parental transfers in the form of grandchild care. We show that a change in age at retirement inuences the employment rates of both the young and the old. This interdependency stems from the provision of family transfers. Postponing retirement may increase time devoted to grandchild care transfers, which allows the young to work more on the labor market. We then study the conditions under which this positive family externality holds. Finally, using numerical simulations, we assess the consequences of delaying retirement on labor participation and account for public policy implications.

Keywords: Retirement; domestic production; family transfers (search for similar items in EconPapers)
Date: 2011-02-07
Note: View the original document on HAL open archive server: https://hal.science/hal-04455384v1
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Published in Recherches Economiques de Louvain - Louvain economic review, 2011, Vol. 76 (4), pp.347-370. ⟨10.3917/rel.764.0347⟩

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Journal Article: Postponing retirement age and labor force participation: the role of family transfers (2010)
Working Paper: Postponing retirement age and labor force participation: the role of family transfers (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04455384

DOI: 10.3917/rel.764.0347

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