Stauvermann, Peter; Wernitz, Frank - In: Economies 7 (2019) 4, pp. 1-16
The aim of the paper is to investigate how child allowances affect population growth and pension benefits of pay … conclude that in a small open economy, child allowances increase the number of children, yet decrease pension benefits over the … long run. If we consider a closed economy, the effect of child allowances on fertility is ambiguous and remains negative on …