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Uncertain lifetime, fertility and social security

Yakita, Akira - In: Journal of Population Economics 14 (2001) 4, pp. 635-640

Investigating the effects of population aging on fertility and economic growth, we show that an increase in life … expectancy lowers the fertility rate and raises life-cycle savings, and that a pay-as-you-go social security does not reverse the … effect on fertility. …

Persistent link: https://www.econbiz.de/10005396060

The macroeconomics of fertility in small open economies: A test of the Becker-Barro model for The Netherlands and New Zealand

Poot, Jacques; Siegers, Jacques J. - In: Journal of Population Economics 14 (2001) 1, pp. 73-100

temporarily or permanently affect fertility in small open economies. This article tests the Becker-Barro model with relevant data … that government subsidies for having children have a strong positive effect on fertility, while the provision of public … is only weak support for the hypothesis that real interest rates positively influence fertility. …

Persistent link: https://www.econbiz.de/10005760432

How does social security affect economic growth? Evidence from cross-country data

Zhang, Jie; Zhang, Junsen - In: Journal of Population Economics 17 (2004) 3, pp. 473-500

investment, and fertility). Our empirical investigation finds that the estimated coefficient on social security is significantly … negative in the fertility equation, insignificant in the saving equation, and significantly positive in the growth and …

Persistent link: https://www.econbiz.de/10005760478

The spillover effects of population aging, international capital flows, and welfare

Ito, Hiroyuki; Tabata, Ken - In: Journal of Population Economics 23 (2010) 2, pp. 665-702

Persistent link: https://www.econbiz.de/10008596126

Pensions as a portfolio problem: fixed contribution rates vs. fixed replacement rates reconsidered

Wagener, Andreas - In: Journal of Population Economics 16 (2003) 1, pp. 111-134

Pay-as-you-go (PAYG) pension schemes can contribute to better intergenerational risk-sharing and diversification. However, different variants of PAYG schemes entail different properties in these respects. In a stochastic 2-OLG model we compare PAYG schemes with fixed contribution rates and such...

Persistent link: https://www.econbiz.de/10005169363

Assessing the effects of an early retirement program

Bratberg, Espen; Holmås, Tor Helge; Thøgersen, Øystein - In: Journal of Population Economics 17 (2004) 3, pp. 387-408

Persistent link: https://www.econbiz.de/10005184713

Social security, social welfare and the aging population

Utendorf, Kelvin R.; Pecchenino, Rowena A. - In: Journal of Population Economics 12 (1999) 4, pp. 607-623

This study examines the effects of pay-as-you-go social security programs in aging economies when the middle-aged both educate their dependent children and subsidize the retirement of the old. Using an overlapping generations framework in which agents are three-period lived but timing of death...

Persistent link: https://www.econbiz.de/10005622316

Social security policy with public debt in an aging economy

Ono, Tetsuo - In: Journal of Population Economics 16 (2003) 2, pp. 363-387

This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular, the paper considers a situation in which population aging causes a heavy burden of social security payments where public debt is issued by the government to finance the...

Persistent link: https://www.econbiz.de/10005622318

A note on intergenerational risk sharing and the design of pay-as-you-go pension programs

ThÛgersen, ûystein - In: Journal of Population Economics 11 (1998) 3, pp. 373-378

Different versions of pay-as-you-go public pension programs may have entirely different effects on the intergenerational distribution of income risk. If the pension benefit is a fixed proportion of previous labor income, a pay-as-you-go program increases the net income risk of all generations....

Persistent link: https://www.econbiz.de/10005622348

Increased longevity and social security reform: questioning the optimality of individual accounts when education matters

Garrec, Gilles Le - In: Journal of Population Economics 28 (2015) 2, pp. 329-352

In many European countries, population aging had led to debate about a switch from conventional unfunded public pension systems to notional systems characterized by individual accounts. In this article, we develop an overlapping generations model in which endogenous growth is based on an...

Persistent link: https://www.econbiz.de/10011151121

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