nep-age New Economics Papers
on Economics of Ageing
Issue of 2018‒12‒03
eight papers chosen by
Claudia Villosio
LABORatorio R. Revelli

  1. Social security reform, retirement and occupational behavior By Ferreira, Pedro Cavalcanti; Parente, Rafael Machado
  2. Fertility Cost, Intergenerational Labor Division, and Female Employment By Haiyue Yu; Jin Cao; Shulong Kang
  3. The effect of work disability on the intention to retire of older workers By Danilo Cavapozzi; Chiara Dal Bianco
  4. Impact of home and leisure accident rates on disability and costs of long term care in Spain By Ramon Alemany; Mercedes Ayuso Gutiérrez; Montserrat Guillen
  5. Health Capacity to Work and Its Long-term Trend among the Japanese Elderly By OSHIO Takashi
  6. Media Literacy in Turkey: Different Generations and Different Approaches By A. Elif Posos Devrani
  7. Regional differentiation of demographic processes in the Russian Federation By Arkhangelskiy, Vladimir (Архангельский, Владимир); Shulgin, Sergey (Шульгин, Сергей); Pustovalov, Denis (Пустовалов, Денис); Zinkina, Yulia (Зинькина, Юлия)
  8. How vulnerable is risk aversion to wealth, health and other risks? An empirical analysis for Europe By Christophe Courbage; Guillem Montoliu-Montes; Béatrice Rey

  1. By: Ferreira, Pedro Cavalcanti; Parente, Rafael Machado
    Abstract: We study, in a life-cycle economy with three sectors - formal, informal and public – and endogenous retirement, the macroeconomic and occupational impacts of social security reforms in an economy with multiple pension systems. In a model calibrated to Brazil, we simulate and assess the long-run impact of reforms being discussed and/or implemented in different economies. Among them, the unification of pension systems and the increase of minimum retirement age. These reforms are found to affect the decision to apply to a public job, savings and skill composition across sectors. They also lead to higher output, less informality and welfare gains.
    Date: 2018–11–14
  2. By: Haiyue Yu; Jin Cao; Shulong Kang
    Abstract: China has set to increase the minimum retirement age, to ease the pressure from pension expenditure and the falling labor supply caused by the aging population. However, policy debates have so far neglected the crucial fact that families in China largely rely on retired grandparents for childcare. Using novel and high-quality survey data, we demonstrate that intra-family downward labor transfer towards childcare significantly increases young females’ labor force participation rate and their labor income, and such effects do not exist for males. Furthermore, we show that the positive effects from grandparental childcare are higher for better-educated, urban females with younger children. This paper thus reveals a large, hidden cost in the new retirement policy — the reduced feasibility of grandparental support, due to postponed retirements, may crowd out productive labor of young females, — and rationalizes a series of social protection policies to accompany the phase-in of the new retirement scheme.
    Keywords: intergenerational labor division, grandparental childcare, female employment, human capital accumulation, minimum retirement age
    JEL: C24 J13 J22
    Date: 2018
  3. By: Danilo Cavapozzi (Department of Economics, University Of Venice Cà Foscari); Chiara Dal Bianco (University of Padua)
    Abstract: In this paper, we analyze the effect of work disability on the desire to retire as soon as possible of older workers. We exploit objective health indicators and anchoring vignettes to develop work disability measures enhancing the comparability across individuals of work disability self-assessments. Our results show that, even once controlling for individual fixed-effects, individuals experiencing work limiting health problems are found to have a stronger propensity to retire. The role of work disability in determining retirement intentions varies with earnings and job characteristics.
    Keywords: Retirement intentions, work disability, population ageing
    JEL: J21 J14 I15
  4. By: Ramon Alemany (Riskcenter-IREA, Department of Econometrics, Statistics and Applied Economy, Universitat de Barcelona); Mercedes Ayuso Gutiérrez (Riskcenter-IREA, Department of Econometrics, Statistics and Applied Economy, Universitat de Barcelona); Montserrat Guillen (Riskcenter-IREA, Department of Econometrics, Statistics and Applied Economy, Universitat de Barcelona)
    Abstract: Home and leisure accidents are one of the main causes of mortality due to other causes than aging, and have a high impact on health systems. However, to date, the number of studies associated with measuring their socioeconomic impact is very limited, unlike those associated with other causes such as traffic accidents or work accidents. Our objective is to analyze the long-term care needs associated with home and leisure accidents (HLA) in Spain. We conclude that the care needs derived from these causes increase with age of people, with a high incidence in all those situations in which people see their mobility limited. The high socioeconomic costs that result (approximately 781 million euros in 2016 in Spain for expenses in long-term care, 0.07% of the Gross Domestic Product) highlight the need to implement preventive policies. Taking into account the budgetary constraints that the public systems can have to address all costs, the development of insurance products that help to cover these specific situations could be justified.
    Keywords: Social care, expenditure on long-term care, preventive actions
    Date: 2018–11
  5. By: OSHIO Takashi
    Abstract: This study examines the health capacity to work of the elderly—that is, how much longer the elderly can work judging by their health status—and its long-term trend between 1986 and 2016 by using microdata obtained from the nationwide, population-based survey, "Comprehensive Survey of the Living Conditions," which was conducted and released by the Ministry of Health, Labour and Welfare of the Japanese Government. Based on the estimated relationship between health and work statuses among individuals in their 50s, this study simulated their work capacity in their 60s and early 70s. The simulation results revealed a large additional work capacity among the elderly, as well as the possibility of some shift from part-time to full-time jobs among the male elderly. This study further observed that the elderly's additional work capacity has increased over the past 30 years along with the improvement of health status, although health conditions still prevent some individuals from working. Results underscore the need for policy measures to utilize the extra work capacity of the elderly.
    Date: 2018–11
  6. By: A. Elif Posos Devrani (Turkish-German University)
    Abstract: When we look at the starting point of media literacy, we see that it is aimed to gain or improve the ability to reach, analyze, evaluate and transmit the message as part of the education given to children and youth. However, ever-changing digital communication technologies has made the new media as important as the traditional media. Therefore, theoretical and empirical studies in the field of media literacy are expanding to include new media. In addition, when looking at past studies, it can be seen that media literacy studies mostly focused on children and young people. On the other hand, middle age and elderly media users have not been the priority on action plans regarding media literacy in Turkey. In this article, it is aimed to review the previous and ongoing media literacy education perspectives in Turkey and determine the threads, opportunities and potentials of different approaches for different generations.
    Keywords: media literacy, new media literacy, digital generations
    JEL: D83
    Date: 2018–11
  7. By: Arkhangelskiy, Vladimir (Архангельский, Владимир) (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Shulgin, Sergey (Шульгин, Сергей) (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Pustovalov, Denis (Пустовалов, Денис) (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Zinkina, Yulia (Зинькина, Юлия) (Russian Presidential Academy of National Economy and Public Administration (RANEPA))
    Abstract: In this work a typology of subjects of the Russian Federation according to the nature of population dynamics is developed, taking into account natural and migration growth. The regional differences in the level and dynamics of fertility their determinants are analized and identified;the main causes of mortality and life expectancy for Russia and for specific regions are analized.
    Date: 2017–02
  8. By: Christophe Courbage (Geneva School of Business Administration (HES-SO), Switzerland); Guillem Montoliu-Montes (University of Lausanne, Department of Actuarial Science, Switzerland); Béatrice Rey (Univ Lyon, Université Lumière Lyon 2, GATE UMR 5824, F-69130 Ecully, France)
    Abstract: This paper empirically assesses how financial risk aversion reacts to a change in individuals’ wealth and health and to the presence of both financial and health risks using the Survey of Health, Ageing, and Retirement in Europe (SHARE). Individuals in our sample exhibit financial risk aversion decreasing both in wealth and health. Financial risk aversion is also found to increase in the presence of a background financial risk and a background health risk. Interestingly, risk aversion is shown to be convex in wealth but linear in health. Such findings complement the literature on risk aversion behaviours and can help to better understand various economic decisions in a risky environment.
    Keywords: risk aversion, (cross-) DARA, (cross-) risk vulnerability, background risk, health risk
    JEL: D01 D81 I12
    Date: 2018

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