Sharing the Wealth

Demographic Change and Economic Transfers between Generations

Edited by Andrew Mason and Georges Tapinos

International Studies in Demography

Investigates the implications of a rapidly ageing population for pension schemes
The most comprehensive treatment of intergenerational accounts
Presents new evidence on family transfers that challenges prevailing theories

Sharing the Wealth

Demographic Change and Economic Transfers between Generations

Edited by Andrew Mason and Georges Tapinos

International Studies in Demography

Description

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. Part I focuses on intergenerational features of the macroeconomy. Advances in the construct ion of generational accounts are described and used to examine how the magnitude and direction of intergenerational transfers influences demographic behaviour, the distribution of income and the accumulation of wealth. Studies presented in Part II consider the role of the state as a provider of economic security for the elderly. The authors draw on international experience and discuss many of the issues that must be confronted if efforts to reform public pension programs are to be successful. Part III considers the intergenerational behaviour of the family. The authors examine competing theories in both industrialized and developing country settings to consider how demographic change, the development of financial institutions, public policy and other economic forces influence the amount, form and timing of intergenerational transfers.

Sharing the Wealth

Demographic Change and Economic Transfers between Generations

Edited by Andrew Mason and Georges Tapinos

International Studies in Demography

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

Sharing the Wealth

Demographic Change and Economic Transfers between Generations

Edited by Andrew Mason and Georges Tapinos

International Studies in Demography

Author Information

Edited by Andrew Mason, President and Chair, Department of Economics, University of Hawaii; and Senior Fellow, Population Program, East-West Center, and Georges Tapinos, Professor of Economics and Demography, Institut d'Études Politiques (IEP), Paris

Sharing the Wealth

Demographic Change and Economic Transfers between Generations

Edited by Andrew Mason and Georges Tapinos

International Studies in Demography

Reviews and Awards

All of the essays in this book are informative, they hang together well, and the editors' introduction provides a valuable synthesis - Population and Development Review, Vol.27, No.4