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Aging populations in developing countries have spurred the introduction of public pension programs to preserve the standard of living for the elderly. The often-overlooked mechanism of intergenerational transfers, however, can dampen these intended policy effects, as adult children who make...
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This paper examines the implications of providing care to elderly parents for adult children's retirement plans using … microdata from a Japanese survey. We find no significant effect of caregiving on family caregivers' planned retirement age if we … do not take into account caregiving intensity but find a negative and significant effect on retirement plans for …
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Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages …
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We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a German program subsidizing the pensions of low-wage workers. Using novel administrative data, we find that eligibility leads to a 2-month delay in age at death (censored at 75)....
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