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We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy … have negative effects on the fertility rate, thus exacerbating population ageing …
Persistent link: https://www.econbiz.de/10012919500
generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both …
Persistent link: https://www.econbiz.de/10013087869
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/10012870250
, these results have important implications for marriage rates, fertility, housing markets and financial markets …
Persistent link: https://www.econbiz.de/10013104957
We study an OLG model with child policies and a PAYG pension with endogenous retirement and fertility. The result of … of labor in old age. Fertility should be taxed or incentivized depending on whether there is full or partial retirement …
Persistent link: https://www.econbiz.de/10014356045
between fertility, the age structure of the population and the age at first marriage of men and women. Within a simple two … single women in equilibrium. Using an extended version of the model to a finite number of periods and fertility data, I show …
Persistent link: https://www.econbiz.de/10013137248
-optimization model with sharecropping, endogenous fertility and status seeking. We show that tenant farming is the major obstacle to … escaping the Malthusian trap with high fertility and low productivity. A land reform provides peasant families higher returns … decreases fertility and increases productivity in agriculture in the short and long runs. The European demographic history …
Persistent link: https://www.econbiz.de/10013055912
the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …
Persistent link: https://www.econbiz.de/10013110845
In this paper we consider the effects of population aging on a pay-as-you-go financed defined contributions pension scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level of capital. The effect on pension payouts is in general...
Persistent link: https://www.econbiz.de/10012989833
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10013118521