We assess the impact of continued low fertility in China, versus a rebound in fertility due to the relaxation of the …), income per capita is lower with a fertility rebound due primarily to a higher youth dependency rate. In the long run, higher … fertility leads to a reduction in the old-age dependency ratio and lowers the tax rate required to pay for old-age pensions and …

Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing …-productivity profiles and pension systems can explain the exception. Fertility-promoting policies will always ease the public finance …