security various private insurance schemes to explore fertility and the effects of various variables on it. In the private … introduction of the public system will lower the incentive to have children, i.e. the fertility will be lower. This is an important …, opposite to common beliefs, there is a positive relationship between ageing and fertility if we control for the key …

employment and growth, but also in an increase in fertility. Such an ‘intelligent’ pension design would maintain a strong link … to a fully-funded system might even reduce fertility. …

We explore the optimal fertility age-pattern in a four-period OLG economy with physical capital accumulation. For that ….s Serendipity Theorem still holds. Finally, we study the dynamics and social optimum of an economy with interior fertility rates … during the reproduction period. It is shown that various fertility age-patterns are compatible with the social optimum, as …

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the …

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the …

fertility and therefore to a need for government intervention. The friction we investigate is related to the ownership of … whenever thetransfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic … inefficiency in standard OLG models with exogenous fertility and Millian efficiency in models with endogenous fertility. In …

of fertility and mortality changes in a common framework, we incorporate realistic demographic features into a continuous … countries (such as the USA), we find that a fertility increase and a mortality decline, while both causing a rise in the … population growth rate, have opposite effects on capital accumulation. We also consider simultaneous fertility and mortality …

to inefficiently low fertility in equilibrium. The friction is caused by the lack of ownership of children: if parents …. We analyze an overlapping-generations (OLG) model with fertility choice and parental altruism. Ownership is modeled as a … Tertilt [38], we find that whenever the transfer floor is binding, fertility choices are inefficient. Second, we show that the …