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Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive … effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …, the negative effect of social security on fertility tends to erode the system’s own contributory base, because it reduces …
Persistent link: https://www.econbiz.de/10005187673
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003936144
In this paper, I attempt to explain a number of facts, adverse to women, without assuming that the latter are discriminated against in the labour market, that mothers love children more fathers, or that parents treat sons better than daughters. Nor do I assume that individual behaviour is...
Persistent link: https://www.econbiz.de/10005187664
educational investments ; endogenous and exogenous fertility …
Persistent link: https://www.econbiz.de/10003850519
The relationship between government and parents is modelled as a principal-agent problem, with the former in the role of principal and the latter in the role of agents. We make three major points. The first is that, if the well-being of the child depends not only on luck, but also on parental...
Persistent link: https://www.econbiz.de/10013321130
In a separate-property jurisdiction, marriage may induce domestic cooperation, and enhance efficiency in the production of children, because it may lend credibility to the prospective main earner's promise to compensate the main childcarer when the children will no longer be economically...
Persistent link: https://www.econbiz.de/10011220520
In a separate-property jurisdiction, marriage may induce domestic cooperation, and enhance efficiency in the production of children, because it may lend credibility to the prospective main earner's promise to compensate the main childcarer when the children will no longer be economically...
Persistent link: https://www.econbiz.de/10008828348
framework, with endogenous fertility and mortality. The data come from a nationally representative survey of Indian rural … favourable indirect repercussions on the nutritional status of children. Both types of policies discourage fertility. Income re …
Persistent link: https://www.econbiz.de/10010262340
Decisions concerning marriage, fertility, participation, and the education of children are explained using a two … fertility and female labour market participation, negative until the mid-1970s, has turned positive where developed, but not …
Persistent link: https://www.econbiz.de/10010264246
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010264592