Intergenerational transfers in Spain

This paper shows the estimates of National Transfer Accounts (NTA) for Spain in 2006 disaggregated by education level. Overall, our results indicate that, besides age population composition, education level has a big impact on the economic behavior of households and, hence, on the aggregate economy....

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Detalles Bibliográficos
Autores: Abío, Gemma|||0000-0003-4823-524X, Patxot, Concepció|||0000-0002-4382-0119, Rentería, Elisenda|||0000-0002-7072-8465, Souto Nieves, Guadalupe|||0000-0002-8056-9330
Tipo de recurso: artículo
Fecha de publicación:2017
País:España
Institución:Universitat Autònoma de Barcelona
Repositorio:Dipòsit Digital de Documents de la UAB
Idioma:inglés
OAI Identifier:oai:ddd.uab.cat:189281
Acceso en línea:https://ddd.uab.cat/record/189281
https://dx.doi.org/urn:doi:10.7866/HPE-RPE.17.4.4
Access Level:acceso abierto
Palabra clave:Ageing
Education
Intergenerational transfers
Public transfers
Welfare state
Descripción
Sumario:This paper shows the estimates of National Transfer Accounts (NTA) for Spain in 2006 disaggregated by education level. Overall, our results indicate that, besides age population composition, education level has a big impact on the economic behavior of households and, hence, on the aggregate economy. Educated households tend to participate more and longer in the labor market, to produce more and, consequently, to consume more. As differences in consumption are lower than in labor income, they are able to contribute to the public system with higher taxes and contributions, and they depend less on public transfers over their lifecycle. Therefore, education seems to be crucial to sustain the welfare state in an ageing society.