effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive …, the negative effect of social security on fertility tends to erode the system's own contributory base, because it reduces …

on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …Estimating saving and fertility simultaneously by VAR method, we find that social security cover has a positive effect …, the negative effect of social security on fertility tends to erode the system's own contributory base, because it reduces …

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 …