New AGENTA Working Papers are now online!
Wednesday, 23. December 2015 in Publications
8/2015: Household bargaining along the lifecycle in Spain: Money and time transfers by gender
Abstract
The analysis of intergenerational transfers can shed light on the interaction between population age structure and welfare. Nevertheless, a thorough examination of this issue requires consideration of both monetary (market) and time (non - market) transfers. We analyse market and non - market production, consumption and transfers by age and gender for Spain from 2009 - 2010 using National (Time) Transfer Accounts (NTA and NTTA) methodology. Using National Accounts, microdata from different surveys and the Time Use Survey, we estimate age and sex - specific profiles of monetary and time production and consumption for Spain. Consequently, a surplus or deficit and the resulting transfers are obtained. We observe higher labour income for men respect to women throughout the age profile. Nevertheless, women spend more hours in total (market and non - market activities) than men. This division drives an asymmetry in private transfers. While men are net donors of money to other age groups during their working life, women are net donors of time to other household members (mainly children and their partners) over their lives. The inclusion of non - market economy in the analysis of intergenerational transfers is crucial to observe real inequalities between genders throug hout the lifecycle. This challenges the “economic dependency” of women based on the market economy. Results suggest that the public sector in Spain should reinforce policies, taking into account women’s contribution to the welfare of other population group s, calling for policies that reconcile professional and family obligations.
Abstract
This paper uses micro data on household wealth to construct age-specific balance sheets for the household sector in 13 euro area countries. These data complement the information captured in National Transfer Accounts (NTA), which are a system of satellite accounts that break down National Accounts by age. So far NTA include only information on age averages of flows, such as asset income and saving. The age-specific balance sheets provide information on the stock and the type of assets held by individuals as well as information on the distribution of assets within age groups. They illustrate the large differences in level, type and age pattern of asset ownership across countries. However, they also show that these results are largely driven by the group of wealthy households. With the exception of home ownership the value of assets is rather low in the majority of households in all the analysed countries.
Partners
This project has received funding from the European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement no 613247.