Showing 1 - 10 of 1,196
This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly high and often increasing; that it translates into an implicit tax/subsidy, with rates reaching 20 percent and higher in some countries; that such rates risk perverting...
Persistent link: https://www.econbiz.de/10012978166
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
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
This paper investigates the role of childcare provided by grandparents for the fertility decisions of their offspring …-bearing years increases by about five percent the number of children. We show that the fertility effects of delayed retirement are … lowest low fertility we conclude that pension reforms may have had unintended inter-generational effects. This conclusion is …
Persistent link: https://www.econbiz.de/10013055892
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
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/10012838499
Strong and rising empirical evidence across countries finds that longevity is highly heterogeneous in key socioeconomic characteristics, including income. A positive relationship between lifetime income and life expectancy at retirement amounts to a straight tax/subsidy mechanism when the...
Persistent link: https://www.econbiz.de/10012941244
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
Heterogeneity in longevity between socioeconomic groups is increasingly documented for developed economies and is reviewed in the paper. Heterogeneity in life expectancy disaggregated by main socioeconomic characteristics – such as age, gender, race, health, education, profession, income, and...
Persistent link: https://www.econbiz.de/10012986749
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