Sharing the Wealth: Demographic Change and Economic Transfers between Generations

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This book is a collection of papers by leading scholars whose research concerns economic transfers between generations. The issues addressed have great relevance to demographic issues, particularly the determination of fertility, to economic issues, including equity and growth, and to public policy, especially social security reform.

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Product Details

Meet the Author

Andrew Mason is Professor of Economics at the University of Hawaii at Manoa and Senior Fellow and former Director of the Program on Population at the East-West Center. He has served on advisory committees and as a consultant to the World Bank, the Asian Development Bank, the US National Academy of Sciences, the US Agency for International Development, and the United Nations.

Georges Tapinos is Professor of Economics at the Institut d'Etudes Politiques, Paris, and a former General Secretary of IUSSP.

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Table of Contents

1. Introduction, Andrew Mason and George Tapinos
Part I: Intergenerational Accounting
2. Intergenerational Transfers and the Economic Life Cycle: A Cross-cultural Perspective, Ronald D. Lee
3. Dynasties, Intergenerational Transfers, and Life-cycle Income: A Case Study of Taiwan, Andrew Mason and Tim Miller
4. Demographic Change, Generational Accounts, and National Saving in the United States, Jagadeesh Gokhale
Part II: Government-funded Pension Programmes
5. On the Rate of Return of Unfunded Pension Systems, Jorge Bravo
6. Moving Social Security towards Fully Funded Schemes: Who Pays the Cost?, Rafael P. Rofman
7. The Political Economy of Two Chilean Pension Systems, Salvador Valdés-Prieto
8. Pensions and Generational Histories in a Simple Demo-economic Model: The Case of France, Didier Blanchet and Jean-Alain Montford
9. Demographic Uncertainty and the OASDI Trust Funds of the United States, Shripad Tuljapurkar and Ronald D. Lee
Part III: The Family and Intergenerational Transfers
10. Financial Intermediation, Transfers, and Commitment: Do Banks Crowd Out Private Insurance Arrangements in Low-Income Rural Areas, Andrew D. Foster and Mark R. Rosenzweig
11. Self-enforcing Family Constitutions: Implications for Saving, Fertility, and Social Security, Alessandro Cigno
12. Wealth Accumulation, Fertility, and Transfers to Elderly Household Heads in Peru, Sumon Kumar Bhaumik and Jeffrey B. Nugent
13. Support between Rural Parents and Migrant Children in a Rapidly Industrializing Society: South Korea, Yean-Ju Lee
14. The Effects of Income and Wealth on Time and Money Transfers between Parents and Children, Joseph G. Altonji, Fumio Hayashi, and Laurence Kotlikoff
15. Housing Inheritance: An Empirical Analysis of French Data, Anne Laferrère

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