Abstract.Day2.SanchezRomero

The Process of Transfer Conversion: Historical Reconstruction of the Emergence of the Welfare State in Sweden

Miguel Sanchez-Romero, Pieter Vanhuysse, and Robert Ivan Gal

Vanhuysse et al. (2023) use the term “transfer conversion” for the changing forms of inter-age transfers flowing between the same people through different channels, such as the family, markets and the government. They take the example of a mother who either gives time transfers directly to her children; or takes up paid labor and hires help, by which her time transfer is transformed into a money transfer between her and her child through an intermediary (a market transaction between her and the hired carer); or she works and sends her child to public daycare or kindergarten funded by her increased tax payment. in this new paper, Sanchez-Romero et al. develop a macrosimulation model to reconstruct a transfer conversion process induced by the emergence of the welfare state. the model is fed Swedish data and calibrated to match Sweden's demographic and macroeconomic developments between the 1850s and the 2010s.