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  • Read more about What Are Some Unintended Consequences of Pension Reform?
Original publication
Spillover Effects of Old-Age Pension across Generations: Family Labor Supply and Child Outcomes
Researcher
Yasemin Özdemir
Abstract
Aging populations have prompted many countries to reform pensions, to discourage people from retiring early and to keep working. In this video, YASEMIN ÖZDEMIR highlights the fact that pension reforms can have unforeseen effects which impact multiple generations. Foregrounding a 2006 Dutch reform which abolished an early retirement scheme for individuals born after 1950, Özdemir looks at how this policy affected families with children. As the policy made it unfeasible for many grandmothers born after 1950 to retire early, they were unable to take on childcare duties for their daughters. The range of spillover consequences of this policy observed by Özdemir included daughters working more, children having poorer educational outcomes and an increased gender discrepancy in terms of pay. The research highlights the importance for policymakers of considering the multigenerational spillover effects of their reforms, notably with regard to pensions.
Institution
Harvard University
Disciplines
Labor and Demographic Economics
DOI
https://doi.org/10.21036/LTPUB101107
Video cover
Video URL
https://s3.eu-west-1.amazonaws.com/lt.org-et-output/mc/LT-Shorts-Video5./LT-Sho…
UUID
b7837bee-8c15-43d5-843b-90921e4c0e75

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Paul Schempp

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