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Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …
Persistent link: https://www.econbiz.de/10009792218
The falling ratio of workers to retirees in the United States has raised concerns about Social Security's ability to continue to provide a base level of support for all retired workers and to remain in balance with all of government's other fiscal obligations. Of alternative plans that have been...
Persistent link: https://www.econbiz.de/10009381565
Persistent link: https://www.econbiz.de/10013269939
social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … fertility and the elderly labor supply in the economy as a whole. It shows that governments can realize the first …
Persistent link: https://www.econbiz.de/10012405524
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … decrease fertility less. Finally, the effects of the social security tax on capital per worker are negative with mandatory …
Persistent link: https://www.econbiz.de/10011994093
China is undergoing a particularly fast demographic transition. Accelerated through decades of political restrictions … its one-child policy. Will this policy shift succeed? Our study simulates China's old-age dependency ratio and total … dependency ratio until the end of the century, assuming total fertility rates between 1.0 and 2.0 with constant and increasing …
Persistent link: https://www.econbiz.de/10013448679
Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard … classes of workers, and because fertility in Germany in this period was still relatively high. Focusing on the state of … Prussia, we estimate differences-in-differences models that ask whether marriage and marital fertility reacted to the …
Persistent link: https://www.econbiz.de/10012159957
Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard … fertility overall only via its effects on the incentive to marry. The old age insurance by itself tended to reduce marriages … social insurance, the two effects cancelled each other and the aggregate effect on fertility was muted. …
Persistent link: https://www.econbiz.de/10012489339
Persistent link: https://www.econbiz.de/10003394917
In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
Persistent link: https://www.econbiz.de/10011343315