The Old-Age Security Motive for Fertility: Evidence from the Extension of Social Pensions in Namibia
Godard, Mathilde; Rossi, P. (2022), The Old-Age Security Motive for Fertility: Evidence from the Extension of Social Pensions in Namibia, American Economic Journal : Economic Policy
Type
Article accepté pour publication ou publiéExternal document link
https://www.aeaweb.org/articles?id=10.1257/pol.20200466Date
2022Journal name
American Economic Journal : Economic PolicyPublisher
American Economic Association
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Show full item recordAbstract (EN)
The old-age security motive for fertility postulates that people's needs for old-age support raise the demand for children. We exploit the extension of social pensions in Namibia during the nineties to provide a quasi-experimental quantification of this widespread idea. The reform eliminated inequalities in pension coverage and benefits across regions and ethnic groups. Combining differences in pre-reform pensions and differences in exposure across cohorts, we show that pensions substantially reduce fertility, especially in late reproductive life. The results suggest that improving social protection for the elderly could go a long way in fostering fertility decline in Sub-Saharan Africa.Subjects / Keywords
Fertility; Old-age pensions; Social Security; Africa; Difference-in-Differences; D15, H55, I38, J13, O15, O55Related items
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