Showing 1 - 10 of 180,834
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003936144
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into … future economic growth - when fertility is going to be below replacement level in virtually all fully developed countries …
Persistent link: https://www.econbiz.de/10008809945
Persistent link: https://www.econbiz.de/10011372564
Scholars have been examining the relationship between fertility and unemployment for more than a century. Most studies … find that fertility falls with unemployment in the short run, but it is not known whether these negative effects persist … period 1975 to 2010, we analyze both the short and long-run effects of unemployment on fertility. We follow fixed cohorts of …
Persistent link: https://www.econbiz.de/10011317653
Persistent link: https://www.econbiz.de/10009756256
This paper applies the theory of relational contracts to a model in which a couple decides whether to marry or cohabit … among the decisions on marriage, fertility and divorce. …
Persistent link: https://www.econbiz.de/10010363961
agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are … bargaining model of fertility choice and match the model to data from a set of European countries with very low fertility rates …. The distribution of the burden of child care between mothers and fathers turns out to be a key determinant of fertility. A …
Persistent link: https://www.econbiz.de/10011454419
fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor … supply. The optimum share of fertility-related pensions is always below unity, but generally positive. The former is true … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation. …
Persistent link: https://www.econbiz.de/10011506226
family environment. This paper presents a theory of growth in which human capital is determined by inheritable factors and … fertility rates and reducing output growth in the transitional dynamics. If human or physical stocks are sufficiently low, the … model shows that an economy can be caught in a fertility-caused poverty trap, while countries with more resources will …
Persistent link: https://www.econbiz.de/10011566054
This paper builds an age-structural model of human population genetics in which agents are endowed with a high-dimensional genome that determines their cognitive and physical characteristics. Young adults optimally search for a marriage partner, work for firms, consume goods, save for old age...
Persistent link: https://www.econbiz.de/10011566205