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How to avoid a pension crisis : a question of intelligent system design

Cigno, Alessandro - 2009

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Persistent link: https://www.econbiz.de/10003936144

Bargaining over babies : theory, evidence, and policy implications

Doepke, Matthias; Kindermann, Fabian - 2016

agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are … bargaining model of fertility choice and match the model to data from a set of European countries with very low fertility rates …. The distribution of the burden of child care between mothers and fathers turns out to be a key determinant of fertility. A …

Persistent link: https://www.econbiz.de/10011454419

Pensions and fertility incentives

Fenge, Robert; Meier, Volker - 2003

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. …

Persistent link: https://www.econbiz.de/10011506226

Demographic change, PAYG pensions and child policies

Stauvermann, Peter; Kumar, Ronald Ravinesh - In: Journal of pension economics and finance 17 (2018) 4, pp. 469-487

Persistent link: https://www.econbiz.de/10011942659

Fertility and labor supply of the old with pay-as-you-go pension and child allowances

Chen, Hung-Ju; Miyazaki, Koichi - In: The B.E. journal of macroeconomics 18 (2018) 1, pp. 1-19

Persistent link: https://www.econbiz.de/10011898634

Chapter 25 The political economy of intergenerational cooperation

Cigno, Alessandro - In: Handbook of the economics of giving, altruism and …, (pp. 1505-1558). 2006

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...

Persistent link: https://www.econbiz.de/10014023653