Fertility and parental retirement
利用荷兰2006年养老金改革,发现母亲延迟退休会减少其女儿的生育率,原因是祖父母提供的育儿支持减少。
I study how reduced retirement opportunities in one generation affect fertility in the subsequent generation. I use administrative Dutch data and exploit the 2006 Dutch pension reform, which induced individuals born from January 1, 1950 onward to delay retirement while exempting those born earlier. I find that this reform reduced fertility among women with affected mothers. The reduction is economically significant and persists after the impact on retirement fades out. I supplement my analysis with survey evidence and argue that the fertility reduction can be explained by reduced grandparental child care supply.