This paper analyses the relation between public pensions, fertility and child care in a closed economy OLG-model with … endogenous fertility. It it shown that it is optimal to introduce child allowances if the government redistributes income from …

This paper analyses the eeffects of ageing and child support in a model with endogenous fertility and Pay …-As-You-Go (PAYG) pensions. First, we show that the endogeneity of fertility makes society vulnerable to both pessimistic beliefs and … changes in life expectancy. In particular, we show that the private fertility choice may not coincide with the social optimum …

In a standard OLG model of a small open economy with logarithmic utility and endogenous fertility we show that the … reversion of the relationship between fertility and wages (i.e. a transition from the Malthusian to the Modern fertility … fact, as known, the latter have been implemented mostly in the advanced Western Countries, where the fertility behavior …

Public debt and fertility are two issues of major concern in the current debate about economic policy, especially in … countries with below replacement fertility and large debt. In this paper we show that public debt is in general harmful for … fertility, in that debt issuing almost ever crowds out fertility. The relationship is reversed only if debt is sufficiently low …

In overlapping generations models with endogenous fertility wherein the retired partake of consumption but do not … contribute to production (through their labor), fertility has a positive and a negative externality. These can be internalized … crucially on the assumption that no parents are better than others in raising their children and that fertility can be perfectly …

The paper presents a synthesis of the economics of exhaustible resources and that of endogenous fertility in an …

endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in … fertility; station- ary income per capita is associated with either increasing or decreasing population and output, depending on … fertility: the trade-off between second-period consumption and spending for bequests prompts agents to decrease fertility in …

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. …

In this paper we show that, when endogenous fertility choices are accounted for, the traditional rule provided by … overaccumulation of physical capital). The reason for this result is that, when fertility choices are taken as endogenous, a further …