CREMER, Helmuth; GAHVARI, Firouz; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 2006
This paper studies the design of pension schemes in a society where fertility is endogenous and parents differ in their ability to raise children. In a world with perfect information, a pay-as-you-go social security system is characterized by equal pensions for all but different contributions...