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. A major reason behind this shift is the fertility decline that has taken place in many developed countries. In this book …, experts discuss the appropriateness and effectiveness of using public policy to influence fertility decisions. Contributors … discuss the general feasibility of public interventions in the area of fertility, analyze fertility patterns and policy design …
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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...
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population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into … future economic growth - when fertility is going to be below replacement level in virtually all fully developed countries …
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