000			01167nam a22001457a 4500
999			_c523373 _d523373
008			230811b ||||| |||| 00| 0 eng d
100			_aDanzer, Alexander M. and Zyska, Lennard _943012
245			_aPensions and fertility: Microeconomic evidence
260			_aAmerican Economic Journal: Economic Policy
300			_a15(2), May, 2023: p.126-165
520			_aThis 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. Difference-in-difference, instrumental variable, and event study methods show that the pension reform reduces the propensity of childbearing of women of fertile age by 8 percent 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.- Reproduced
773			_aAmerican Economic Journal: Economic Policy
906			_aPENSIONS
942			_cAR