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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 is always below unity, but generally positive. The former is true … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation. …
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form, where we consider endogenous fertility and growth generated by human capital accumulation. From the analysis, we … long run. If we consider a closed economy, the effect of child allowances on fertility is ambiguous and remains negative on …
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This chapter examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. The contributions reviewed come from branches of economics as far apart as...
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endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …
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