Showing 1 - 10 of 166
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
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
, additionally, expect children to support them in old age, this paper explores the interrelation between growth, fertility, and the … growth, but further increases in public pensions eventually reduce it. Fertility, on the other hand, falls by an increase in … public pensions if they are either small or large. Medium sized public pensions, however, may stimulate fertility. …
Persistent link: https://www.econbiz.de/10005395958
This paper develops a model of inter vivos gifts and bequests in a setting of moral hazard and adverse selection. Altruistic parents do not perfectly know how much effort their children make to earn their living, nor do they know their true level of ability. Inter vivos gifts take place prior to...
Persistent link: https://www.econbiz.de/10005622268
fertility. It is shown that for both structural determinants there exists no interior solution of the problem of …
Persistent link: https://www.econbiz.de/10005169379
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
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
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
This paper analyzes both the formation of long-run migration incentives and the consequences of a regime change from "autarky" to "free migration" in an overlapping-generations framework with two countries. Under autarky the countries may differ with respect to their aggregate savings rate or...
Persistent link: https://www.econbiz.de/10005395929
The issue is addressed whether assistance to persons in need can be left to the `family' and the `community'. In that case people depend on their social networks. The support a person receives through a given network of social ties is examined. However, ties are diverse and subject to change. By...
Persistent link: https://www.econbiz.de/10005395945