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endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …
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We constructed an overlapping-generations model with endogenous fertility to analyze the effects of child benefits and …
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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. …
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