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social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … fertility and the elderly labor supply in the economy as a whole. It shows that governments can realize the first …
Persistent link: https://www.econbiz.de/10012405524
Persistent link: https://www.econbiz.de/10014249050
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …
Persistent link: https://www.econbiz.de/10009792218
fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … individuals in the small open economy are unaffected by fertility fluctuations. …
Persistent link: https://www.econbiz.de/10010261351
The old-age security motive for fertility postulates that people's needs for old-age support raise the demand for …-reform pensions and differences in exposure across cohorts, we show that pensions substantially reduce fertility, especially in late … suggest that improving social protection for the elderly could go a long way in fostering fertility decline in Sub …
Persistent link: https://www.econbiz.de/10012102437
Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard … classes of workers, and because fertility in Germany in this period was still relatively high. Focusing on the state of … Prussia, we estimate differences-in-differences models that ask whether marriage and marital fertility reacted to the …
Persistent link: https://www.econbiz.de/10012159957
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … decrease fertility less. Finally, the effects of the social security tax on capital per worker are negative with mandatory …
Persistent link: https://www.econbiz.de/10011994093
The Turkish social insurance system has been feverishly debated for years, particularly through its burden on the economy. The most recent reform is an attempt to neutralize the deterioration within the social security system and its effects on the economy. After the recent reform, ‘the way...
Persistent link: https://www.econbiz.de/10012930526
This paper presents four policy options to make Social Security sustainable under the coming demographic shift: 1) increase payroll taxes by 6 percentage points, 2) reduce the replacement rates of the benefit formula by one-third, 3) raise the normal retirement age from sixty-six to...
Persistent link: https://www.econbiz.de/10009266746
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...
Persistent link: https://www.econbiz.de/10012160984