Template-Type: ReDIF-Paper 1.0

Author-Name: Alexander M. Danzer
Author-X-Name-First: Alexander M. 
Author-X-Name-Last: Danzer

Author-Name: Lennard Zyska
Author-X-Name-First: Lennard 
Author-X-Name-Last: Zyska


Title: Pensions and Fertility: Micro-Economic Evidence
	
Abstract: This study identi?es the causal e?ect of pension generosity on women’s fertility behavior. It capitalizes on Brazil’s expansion of the pension system to rural workers, whose pension wealth subsequently more than tripled. Event study, di?erence-in-di?erences and instrumental variable methods show that the pension reform reduces the propensity of childbearing of women in fertile age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities, among older women and among mothers with sons.


Length: 68 pages
Creation-Date:  2020-03
File-URL: http://www.bgpe.de/texte/DP/192_Danzer_Zyska.pdf
File-Format: Application/pdf
File-Function: First version, 2020
Number: 192
Classification-JEL: J13, I38, H55, D15
Keywords: Pension wealth, Fertility, Old-age security hypothesis, Quasi-experiment, PAYG, Brazil
Handle: RePEc:bav:wpaper:192_DanzerZyska