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. …

form, where we consider endogenous fertility and growth generated by human capital accumulation. From the analysis, we … long run. If we consider a closed economy, the effect of child allowances on fertility is ambiguous and remains negative on …

endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …

We constructed an overlapping-generations model with endogenous fertility to analyze the effects of child benefits and …

heterogeneity of rearing costs and of enjoying children is introduced. Two major results: (i) excluding negative savings, fertility … decreases with pension contributions and increases with taxes; (ii) the introduction of fertility-dependent pensions may … strengthen heterogeneity in fertility. …

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. …

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 …