Henripin (Jacques). - Financial Transfers from Individuals with High Fertility to Those with Low Fertility Financial transfers between more fertile and less fertile members of a cohort are made indirectly through payment of taxes and the provision of certain services related to age, such as...

During the next five decades, Western populations will inexorably get older. Even if other phenomena are taken for granted, the lower the fertility, the more the aging process will be accentuated. One can expect large increases in public health costs and pension benefits that tax payers will...