Showing 1 - 10 of 527
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
fertility model that generates an endogenous demographic transition by means of distinguishing between female and male labor. We …
Persistent link: https://www.econbiz.de/10011402633
human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and … displays both a benefit contingent on the contributions of children and a purely fertility-related component. …
Persistent link: https://www.econbiz.de/10003113341
The aging of the population shakes the public finance of pay-as-you-go social security systems. We develop a political-economy framework in which this demographic change leads to the downsizing of the social security system, and, as a consequence, to the emergence of supplemental individual...
Persistent link: https://www.econbiz.de/10011509470
Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the payas-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates the...
Persistent link: https://www.econbiz.de/10010477151
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
This study identifies the causal effect of pension generosity on women’s fertility behavior. It capitalizes on Brazil … age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the … contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities …
Persistent link: https://www.econbiz.de/10012194379
-as-you-go pension system. Family allowances are compared to introducing a fertility-related component into the pension formula. In an …
Persistent link: https://www.econbiz.de/10011402545
significant negative statistical relationship between 16 years lagged fertility and the rate of immigration in a panel of 23 … countries, which indicates that immigration compensates for low fertility in the labor market. …
Persistent link: https://www.econbiz.de/10012288027
the interactions between climate change and population dynamics. We develop an analytical model of endogenous fertility …
Persistent link: https://www.econbiz.de/10011952006