This paper discusses the efficiency of a pay-as-you-go pension reform by introducing a child benefit in an endogenous fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor supply. The optimum share of fertility-related pensions...

This paper discusses alternative ways to deal with the positive externalities of having children in a pay-as-you-go pension system. Family allowances are compared to introducing a fertility-related component into the pension formula. In an endogenous labor supply setting, both instruments are...

This paper discusses the efficiency of a pay-as-you-go pension reform by introducing a child benefit in an endogenous fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor supply. The optimum share of fertility-related pensions...

This paper discusses alternative ways to deal with the positive externalities of having children in a pay-as-you-go pension system. Family allowances are compared to introducing a fertility-related component into the pension formula. In an endogenous labor supply setting, both instruments are...

This paper discusses alternative ways to deal with the positive externalities of having children in a pay-as-you-go pension system. Family allowances are compared to introducing a fertility-related component into the pension formula. In an endogenous labor supply setting, both instruments are...

In Deutschland vollzieht sich ein grundlegender Wandel, der sowohl den Umfang als auch die Altersstruktur der Bevölkerung betrifft. Dieser Umbruch ist auf die steigende Lebenserwartung und den anhaltenden Geburtenrückgang zurückzuführen und hat nachhaltige Veränderungen vor allem für die...

Ein Vergleich der von Bundesarbeitsminister Riester im Sommer 2000 vorgeschlagenen Rentenreform mit der beschlossenen Reform 2002 hinsichtlich ihrer Wirkungen auf einen vorzeitigen Renteneintritt führt zu dem Ergebnis, dass die beschlossene Rentenreform den frühzeitigen Ruhestand auf Dauer...