Fanti, Luciano; Gori, Luca - Dipartimento di Economia e Management, Università … - 2009
exogenous fertility (Diamond, 1965) – that a positive relationship between longevity and pay-as-you-go (PAYG) pensions may exist … Diamond-style OLG model with endogenous fertility. It is shown that the positive relationship between longevity and pensions … decrease along with an increased longevity, though the latter is not very likely, and (2) the endogeneisation of fertility …