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

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

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

, fertility and savings decisions, and on Pareto optimality of equilibrium allocation. We show that the learning equilibrium …In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show …