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In a political economy environment, aging has opposite economic and political effects on the size of the welfare state. On one side, it tends to decrease the profitability of a welfare state that features a PAYG pension system, thus inducing individuals to prefer a smaller system; on the other...
Persistent link: https://www.econbiz.de/10012719400
In the last century most countries have experienced both an increase in pension spending and a decline in fertility, We argue that the interplay of pension generosity and development of capital markets is crucial to understand fertility decisions. Since children have traditionally represented...
Persistent link: https://www.econbiz.de/10012719403
We study how the prevailing internal organization of the family affected the initial design of pension systems. Our theoretical framework predicts that, in society with weak family ties, pensions systems were introduced to act as a safety net, while in societies with strong ties they replicate...
Persistent link: https://www.econbiz.de/10010969027
Gender stereotypes are well established also among women. Yet, a recent literature suggests that learning from other women experience about the effects of maternal employment on children outcomes may increase female labor force participation. To further explore this channel, we design a...
Persistent link: https://www.econbiz.de/10010884172
Persistent link: https://www.econbiz.de/10005331717
Persistent link: https://www.econbiz.de/10005331825
We study how the prevailing internal organization of the family affected the initial design of pension systems. Our theoretical framework predicts that, in society with weak family ties, pensions systems were introduced to act as a safety net, while in societies with strong ties they replicate...
Persistent link: https://www.econbiz.de/10009399717
We study how the prevailing internal organization of the family affected the initial design of pension systems. Our theoretical framework predicts that, in society with weak family ties, pensions systems were introduced to act as a safety net, while in societies with strong ties they replicate...
Persistent link: https://www.econbiz.de/10010552112
In the last century, most countries have experienced both an increase in pension spending and a decline in fertility. We argue that the interplay of pension generosity and development of capital markets is crucial to understand fertility decisions. Since children have traditionally represented...
Persistent link: https://www.econbiz.de/10010865759
Persistent link: https://www.econbiz.de/10008333361