and money in their upbringing. -- Pension reform ; implicit pension taxes and subsidies ; child benefits ; fertility …

heterogeneity of rearing costs and of enjoying children is introduced. Two major results: (i) excluding negative savings, fertility … decreases with pension contributions and increases with taxes; (ii) the introduction of fertility-dependent pensions may … strengthen heterogeneity in fertility. …

; renegotiation-proofness ; altruism ; fertility ; saving ; transfers ; attention ; pensions ; credit rationing …

overlapping-generations model of endogenous fertility with heterogeneous agents. The model places particular emphasis on the time … having children and hence sow the seeds of its own destruction. The model is then extended to allow for fertility … number of OECD countries that have generous DBPAYG pension systems and falling fertility rates …

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 …

We study the role of fertility adjustments for the labor market responsiveness of men and women. First, we use … longitudinal Danish register data and tax reforms from 2009 to provide new empirical evidence on asymmetric fertility adjustments … to tax changes of men and women. Second, we quantify the importance of these fertility adjustments for understanding the …