Over the last decades, population aging and intergenerational transfers have
received increasing attention from demographers. Around the world, fertility and mortality
transitions have resulted in significant changes in population age structures modifying the
proportion of workers, consumers, capital owners, tax payers, beneficiaries of public sector
transfers, and individuals who make or receive inter and intra-household transfers. The
inevitable adjusting process to the new demographic scenario may imply in costs or gains
for different cohorts.