Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/216360 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13048
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This study identifies the causal effect 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, difference-in-differences 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.
Subjects: 
pension wealth
fertility
old-age security hypothesis
quasi-experiment
PAYG
Brazil
JEL: 
J13
I38
H55
D15
Document Type: 
Working Paper

Files in This Item:
File
Size
1.02 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.