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children as old-age economic security, discouraging fertility. In particular, this fact may explain the contemporaneity of the … political economy research these effects have been ignored, as the fertility choice is usually considered exogenous. This paper … pension systems, because as the family structure becomes weaker the fertility decreases, thus reducing the profitability of …
Persistent link: https://www.econbiz.de/10005622100
Persistent link: https://www.econbiz.de/10004998631
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...
Persistent link: https://www.econbiz.de/10005769220
Analysts agree that raising national saving is one of the key objectives of social security reform in the United States. Hence, to judge the merits of proposals requires a comparison of saving responses. The paper outlines the difficulties involved in making those comparisons, which arise from...
Persistent link: https://www.econbiz.de/10005771367
general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …
Persistent link: https://www.econbiz.de/10005825867
effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive …, 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
Eine vergleichende Analyse der agrarsozialen Sicherungssysteme in Deutschland und Frankreich, die auch eine …
Persistent link: https://www.econbiz.de/10009277837
We develop a new directed-search model of fertility and marriage, and apply it to two empirical problems: the rise in … data, to explore the impact of marital prospects on the fertility decisions of unmarried women. We find that the decline …
Persistent link: https://www.econbiz.de/10010851155
By reducing the risk of unwanted parenthood, more effective contraception reduces the cost of sex outside of marriage, increasing the value of single life. Could this explain why marriage and birth rates declined in the U.S. after 1970?. We illustrate our hypothesis with a one-period example. We...
Persistent link: https://www.econbiz.de/10010851171
equilibrium response, in a life-cycle matching model, of marriage hazards to war-time fertility and male-mortality shocks. Our …
Persistent link: https://www.econbiz.de/10011261282