Old-age Support and Demographic Transition in Developing Countries. A Cultural Transmission Model
Javier Olivera ()
No 201307, Working Papers from Geary Institute, University College Dublin
We model intergenerational old-age support within the context of a developing country that faces demographic transition: declining fertility and increasing life expectancy. We attempt to answer if agents will be able to support their parents during the next generations and under what conditions. For this purpose we use a three period overlapping generations model and a cultural transmission process, in which agents may be socialized to different cultural family models (old-age supporters and non-supporters). As life expectancy increases, we find conditions under which a reduced fertility rate is compatible with the expectation to be supported during old-age. This offers an additional explanation for the persistency of family old-age support in developing countries facing demographic transsition.
Keywords: Cultural transmission; intergenerational transfers; fertility (search for similar items in EconPapers)
JEL-codes: J13 D10 E24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-cul, nep-dem and nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:201307
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