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Pensions and fertility: in search of a link
Gahvari, Firouz - In: International Tax and Public Finance 16 (2009) 4, pp. 418-442
In overlapping generations models with endogenous fertility wherein the retired partake of consumption but do not contribute to production (through their labor), fertility has a positive and a negative externality. These can be internalized through a child allowance (or tax) or a linkage between...
Persistent link: https://www.econbiz.de/10010865740
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On sustainable pay as you go systems
Demange, Gabrielle - HAL - 2005
An unfunded Social Security system faces the major risk, sometimes referred to as "political risk", that future generations modify or even suppress the contributions. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked...
Persistent link: https://www.econbiz.de/10010739137
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On Sustainable Pay-As-You-Go Systems
Demange, Gabrielle - C.E.P.R. Discussion Papers - 2005
An unfunded Social Security system faces a major risk, sometimes referred to as ‘political risk’. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked from each newborn generation. The analysis is conducted in an...
Persistent link: https://www.econbiz.de/10005666926
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How Powerful is Demography? The Serendipity Theorem Revisited
Croix, David De La; Pestieau, Pierre; Ponthière, Grégory - HAL - 2009
Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the optimum steady-state provided the optimum population growth rate is imposed. This paper aims at exploring whether the Serendipity Theorem still holds in an economy with risky...
Persistent link: https://www.econbiz.de/10010738987
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Fertility and mortality changes in an overlapping-generations model with realistic demography
Lau, Sau-Him Paul - In: Economic Modelling 38 (2014) C, pp. 512-521
of fertility and mortality changes in a common framework, we incorporate realistic demographic features into a continuous … countries (such as the USA), we find that a fertility increase and a mortality decline, while both causing a rise in the … population growth rate, have opposite effects on capital accumulation. We also consider simultaneous fertility and mortality …
Persistent link: https://www.econbiz.de/10011048816
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How powerful is demography? The Serendipity Theorem revisited
Croix, David; Pestieau, Pierre; Ponthière, Grégory - In: Journal of Population Economics 25 (2012) 3, pp. 899-922
Persistent link: https://www.econbiz.de/10010557760
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How Powerful is Demography? The Serendipity Theorem Revisited
Croix, David De La; Pestieau, Pierre; Ponthière, Grégory - HAL - 2009
Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the optimum steady-state provided the optimum population growth rate is imposed. This paper aims at exploring whether the Serendipity Theorem still holds in an economy with risky...
Persistent link: https://www.econbiz.de/10010784116
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A Single-Mindedness model with n generations
Emanuele, Canegrati - Volkswirtschaftliche Fakultät, … - 2007
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I …
Persistent link: https://www.econbiz.de/10005835397
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Money, Tobin Effect, and Incerasing Returns
Basci, Erdem; Erdogan, Ayse M.; Saglam, Ismail - Volkswirtschaftliche Fakultät, … - 2006
This paper shows that unregulated decentralized equilibrium is viable under increasing returns technologies in an overlapping generations model of production with cash-in-advance constraints. We also demonstrate that the model exhibits both the Tobin effect and the reverse Tobin effect.
Persistent link: https://www.econbiz.de/10005836089