Aging, Intergenerational Transfers, and the Economy

Andrew Mason, University of Hawaii at Manoa

Abstract

Population aging is a global demographic trend with important implications for economic performance and generational equity. We have initiated a multi-country project that is developing new methods for measuring aggregate intergenerational transfers; constructing historical estimates and projections of intergenerational transfers in varying social, economic, and policy contexts; analyzing the inter-relationships between public policy, familial support systems, and economic conditions; and analyzing the macroeconomic and generational effects of public policy. The purpose of this seminar is to provide an overview of the project, to discuss the theoretical foundations, and to present some very preliminary results.