This paper studies the design of a pay-as-you-go social security system in a society where fertility is in part stochastic and in part determined through capital investment. If parents' investments in children are publicly observable, pension benefits must be linked positively to the level of...

Recipients of government transfers are economically disadvantaged, yet little is known about how their circumstances evolve leading up to program receipt. Using twenty-five years of survey data as well as administrative health records, we establish three new stylized facts around enrollment in...

The extent of social protection provided to families with children varies according to each country's unique economic, social, and demographic conditions. The most important factors for assessing social protection were studied and identified by means of the multivariate statistical analysis...