8.27510.AgeComp_1

8.27510.AgeComp_1 - 8. Age Composition, Family Life Cycle,...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Ronald Lee, UC Berkeley, 2010 1 8. Age Composition, Family Life Cycle, and Intergenerational Transfers Econ/Demog 27510 Ronald Lee March 10, 2010
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Ronald Lee, UC Berkeley, 2010 2 Readings for next time *Paul Samuelson (1958) "An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money,” Journal of Political Economy v.66 n.6 pp.467- 482. (Read this as carefully as your interest and background indicate. This is a very difficult classic article that may seem deceptively simple. In MorePopEconMath I translate it into a stable population framework, as introtudced in the PopEconMath notes. Ron Lee “A note on Samuelson and the stable population model” on bSpace as “MorePopEconMath”. (4 pages). David Cutler, James Poterba, Louise Sheiner, and Lawrence Summers (1990) "An Aging Society: Opportunity or Challenge?" Brookings Papers on Economic Activity v.1, pp.1-56 and 71-73. (Read pp.1-16 carefully, and skim the rest.)
Background image of page 2
Ronald Lee, UC Berkeley, 2010 3 One student report for next time John Bongaarts (2004) “Population Aging and the Rising Cost of Public Pensions” Population and Development Review.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Ronald Lee, UC Berkeley, 2010 4 “Are Pink Slips Better Than Flu Shots? The Effects of Employment on Influenza Rates” by Sara Markowitz, Erik Nesson, Joshua Robinson - NBER working paper #15796. Extracted from Abstract : Using a first-difference two stage least squares estimation approach, we find that a one percentage point increase in the employment rate increases the number of influenza related doctor visits by about 8.1 additional flu-related doctor visits per 1000 doctor visits for all causes. To put this in perspective, on average, 33 additional people out of every 100,000 new employees will have a flu-related doctor visit. The results are robust across several specifications. http://papers.nber.org/papers/W15796
Background image of page 4
Ronald Lee, UC Berkeley, 2010 5 Population age composition and economic behavior: Outline I. Production and consumption over the individual economic life cycle. II. Sharing within the household and the life cycle squeeze: Chayanov. III. Tobin: Life cycle saving with financial markets IV. PopEconMath – discussion of notes. V. The economic role of children: Lee and Kramer. VI. Reports: Brad (Cox), Adam (Bommier et al) VII. Global trends in transfers (Lee and Mason)
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Ronald Lee, UC Berkeley, 2010 6 I. The Economic Life Cycle of Individuals Consumption needs and productive effort vary with age for many reasons. Biological (childhood, senescence) Cultural (views of whether OK for children to work, OK for elderly not to work) Institutions (public pension programs and health care programs, public education, financial institutions, property rights) Economic (return to investment in children’s human capital, taste for leisure, incentives, availability of means of saving for old age, optimization over life) Technological (rate of return to education, earnings of brawn versus brain, availability of substitutes for human strength) Cannot take as given and exogenous; they vary.
Background image of page 6
Ronald Lee, UC Berkeley, 2010 7 Issues in measuring production Use wages by age?
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 78

8.27510.AgeComp_1 - 8. Age Composition, Family Life Cycle,...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online