For pay-as-you-go financed pension systems, claims may be calculated according to individual contributions (income) or the number of children of a family. We analyse the optimal structure of these parameters in a model with endogenous fertility. It is shown that for both structural determinants...

Over coming decades changes in population age structure will have profound implications for the macroeconomy, influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. This volume examines this complex topic

Das Projekt GENIA "Generationsubergreifender Dialog fur berufliche Orientierung und Entwicklung" wurde gefordert durch das Bundesministerium fur Bildung und Forschung (BMBF) im Programm "Innovative Arbeitsgestaltung, Zukunft der Arbeit" mit dem Forderschwerpunkt "Demographischer Wandel, alternde...

Over coming decades, changes in population age structure will have profound implications for the macroeconomy, influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. How the future unfolds will depend...