Cigno, Alessandro; Casolaro, Luca; Rosati, Furio C. - 2021
Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive … effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was … saving in the form of pension contributions tends to displace intra-family transfers, rather than asset formation. However …