Retirement, Intergenerational Time Transfers, and Fertility

72 Pages Posted: 2 Mar 2020

See all articles by Peter Eibich

Peter Eibich

German Institute for Economic Research (DIW Berlin)

Thomas Siedler

University of Hamburg - Faculty of Business, Economics, and Social Sciences; DIW Berlin; Institute for the Study of Labor (IZA); University of Essex

Abstract

Retired parents might invest time into their adult children by providing childcare. Such intergenerational time transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on adult children's fertility. We use representative panel data from Germany to link observations on parents and adult children. We exploit eligibility ages for early retirement for identification in a regression discontinuity design. The results show that parent's early retirement significantly increases the probability of childbirth for adult children. However, parental retirement affects only the timing of adult children's fertility, without having an effect on total fertility.

Keywords: retirement, fertility, intergenerational transfer, time use

JEL Classification: J13, J14, J22, J26

Suggested Citation

Eibich, Peter and Siedler, Thomas, Retirement, Intergenerational Time Transfers, and Fertility. IZA Discussion Paper No. 12993, Available at SSRN: https://ssrn.com/abstract=3546391

Peter Eibich (Contact Author)

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstra├če 58
Berlin, 10117
Germany

Thomas Siedler

University of Hamburg - Faculty of Business, Economics, and Social Sciences ( email )

Von-Melle-Park 9
Hamburg, 20146
Germany

DIW Berlin ( email )

Mohrenstra├če 58
Berlin, 10117
Germany

Institute for the Study of Labor (IZA)

P.O. Box 7240
Bonn, D-53072
Germany

University of Essex ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

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