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What Explains Fertility? Evidence from Italian Pension Reforms
Billari, Francesco C.; Galasso, Vincenzo - CESifo - 2009
predicts lower future pensions to reduce fertility, while the “old-age security” to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are …
Persistent link: https://www.econbiz.de/10004979411
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When the State Mirrors the Family: The Design of Pension Systems
Galasso, Vincenzo; Profeta, Paola - CESifo - 2010
families featuring either weak or strong internal ties. When pensions systems are initially introduced, in society with strong …
Persistent link: https://www.econbiz.de/10008671713
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Early Retirement and Social Security: A Long Term Perspective
Conde-Ruiz, J. Ignacio; Galasso, Vincenzo; Profeta, Paola - CESifo - 2005
We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a Markovian political economic theoretical framework, in which incentives to retire early are embedded, we derive a political equilibrium with positive social security contribution rates...
Persistent link: https://www.econbiz.de/10005094389