.
Fertility Decisions and the Sustainability of Dened
Benet Pay-As-You-Go Pension Systems
Miriam Steurer
School of … Economics Discussion Paper: 2009/06
Fertility Decisions and the Sustainability of De ned
Bene t Pay-As-You-Go Pension ….steurer@hotmail.com
March 20, 2009
The sustainability of a de ned bene t pay-as-you-go (DBPAYG) pension system is in-
vestigated in the context …