Population ageing is a common trend in most developed countries with many important economic, social and political consequences. In Portugal, this trend has been particularly strong. The ageing index was 34% in 1970, it is about 129% in 2011, according to the provisory results of the last Census...

This paper analyzes the early retirement decisions made by Portuguese workers aged 50 to 64. It investigates the main characteristics of early retirees, and the main determinants of their decision, based on the eight waves of the European Community Household Panel for Portugal, from 1994 to...

Should someone with more adult children expect to have further chances of avoiding institutionalisation in old age than someone with fewer children? Should an aging population build more institutions for the elderly, including for the elderly with children? We show that population aging – as...

The effect of retirement on economic welfare, indirectly measured by income, has not been studied widely, namely due to the lack of longitudinal data. A large literature exists about poverty in old age, mainly based on cross sectional survey data, but usually those studies are not able to study...

This study provides a profile of the households with coresident grandparents, using the European Community Household Panel. It identifies rising rates of coresidence with grandparents in Portugal between 1994 and 2001, and explores the nature of such trend, using an age-period-cohort approach....

This paper studies the consequences of having either an interventionist or a non-interventionist central bank in the foreign exchange market, in a market microstructure framework. Although a simple one-period model is used, it allows the characterization of the effect of the central bank...

The conciliation of work and family life is a challenge to most women. In some countries, although not in southern Europe, women make significant use of part-time schedules as a way of balancing work and family life. Informal care, typically care by grandparents, is an alternative. It is cheap,...