TY  - RPRT
        AU  - Danzer, Alexander M.
AU  - Zyska, Lennard
        TI  - Pensions and Fertility: Micro-Economic Evidence
        PY  - 2020/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13048
        UR  - https://www.iza.org/publications/dp13048
        AB  - This study identifies the causal effect of pension generosity on women's fertility behavior. It capitalizes on Brazil's expansion of the pension system to rural workers, whose pension wealth subsequently more than tripled. Event study, difference-in-differences and instrumental variable methods show that the pension reform reduces the propensity of childbearing of women in fertile age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities, among older women and among mothers with sons.
        KW  - old-age security hypothesis
KW  - fertility
KW  - pension wealth
KW  - quasi-experiment
KW  - PAYG
KW  - Brazil
        ER  -