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- W2275156931 abstract "In this chapter we present the estimates of the national transfers occurringamong age groups in Spain in year 2000 using the NTA methodology proposed byMason, Lee and others (2006). The life cycle deficit is positive �a surplus� for ages27 to 57, while the rest of individuals become dependent, being the age reallocationsof both age groups quite different. On the one hand, during childhood and youth,individual consumption is mainly financed by private transfers (69%) while publictransfers only amount to a 32% being mainly in-kind transfers, through education andhealth systems. On the other hand, older people finance their lifecycle deficit mainlythrough asset-based reallocations (66%), followed by public transfers (41%,composed both of substantial cash transfers �retirement and survivor pensions� andin-kind health benefits).Interestingly, we find that the elderly are net payers of private transfers,implying that they are transferring money or housing services to the young membersof their family. This surprising result could be explained by the high proportion of coresident elderly. This together with the fact that all individuals aged more than 16 payand receive private transfers at the same time indicates that private support and henceintergenerational sharing tends to be mutual in Spain, implying that Spain is half-waybetween the northern European countries and the Latin-American countries." @default.
- W2275156931 created "2016-06-24" @default.
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- W2275156931 date "2011-08-31" @default.
- W2275156931 modified "2023-10-01" @default.
- W2275156931 title "How intergenerational transfers finance the lifecycle deficit in Spain" @default.
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- W2275156931 doi "https://doi.org/10.4337/9780857930583.00019" @default.
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