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
TypeArticle accepté pour publication ou publié
External document linkhttps://www.aeaweb.org/articles?id=10.1257/pol.20200466
Journal nameAmerican Economic Journal : Economic Policy
American Economic Association
MetadataShow full item record
Abstract (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 / KeywordsFertility; Old-age pensions; Social Security; Africa; Difference-in-Differences; D15, H55, I38, J13, O15, O55
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