The Effect of Public Pensions on Residential Choice and Welfare in the Family

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: Kimiyoshi Kamada Takashi Sato
• 간행물 정보: 『한국재정학회 학술대회 논문집』2012년도 한국재정학회 추계 정기학술대회, 474~499쪽, 전체 26쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2012.09.07

영문 초록

We examine the effects of public pensions on the residential choice of a child, who is altruistic, and provides agεd parents wìth attentìon as well as financìal support in two ways: income transfers and contribution to family public goods. We fmd that, even if the child lives wíth parents in the same home under a certain level of public pensions, the child eventually chooses to move away from the parents as the level of public pension rises. When the child moves, both the parents' and chi1d’s welfare may decrease. Nevertheless, the optimal level of public pensions is positive under reasonable parameter values in the social welfare function.

목차

Abstract

1. Introduction

2. Model

3. Effect of public pensions on location choice

4. Effect of public pensions on welfare

5. Optimal level of public pensions

6. Conclusion

References