The population of developing Asia, in particular East Asia, is aging. Funding the needs of its growing population of … older adults is the biggest socioeconomic challenge that aging presents for the region. The central objective of our paper … rise substantially because of population aging between 2025 and 2065. We find that labor income will play a smaller role in …

fertility. What type of model is consistent with this finding? We explore this question using two models of fertility: one by …-age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker model is very small …, whereas the effect on fertility in the Boldrin and Jones model is sizeable and accounts for between 55 and 65% of the observed …

The effects of pension policies on fertility have been examined in the overlapping generations (OLG) model of unitary … examines how the pension policy affects the endogenous fertility of a bargaining couple who have different lifespans. The … analysis finds out a new channel of pension policy on fertility decisions: an increase in pension size affects fertility not …

In this paper we investigate the impact of a reduction in the pension replacement rate on the schooling choice and on … we first show how many progressive pension systems are ex ante regressive due to the difference in life expectancy across … skill groups and, second, we derive the level of progressivity that restores an equal treatment of the pension system across …

reforming their pension systems for enhancing financial, fiscal, and economic sustainability over a long period, and mitigating … superior pension benefits for civil servants and the military personnel as compared to private sector workers merit review … exhibit conflict of interest, with the beneficiaries designing, implementing, and assessing their own pension benefits …

greatly. The increasing share of the elderly in the population of all countries makes implementation of sustainable pension … systems both more urgent and more difficult. Planners must consider numerous options in pension system design and choose the …

Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard …-insurance scheme had three pillars: health insurance, workplace accident insurance, and an old age pension. Earlier studies typically … focus on the pension alone; we consider all three pillars. We find that Bismarck’s social insurance system affected …