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Phelpsís (1961) Golden Rule states an unambiguous relationship between optimal capital intensity and fertility: a rise … in fertility decreases the optimal capital intensity, because a higher fertility increases the investment required to … having distinct fertility behaviors. We derive the optimal accumulation rule in that framework, and we show that, unlike what …
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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...
Persistent link: https://www.econbiz.de/10003936144
Lower fertility can translate into a more male-biased sex ratio if son preference is persistent and technology for sex … an Indian scheme, Devirupak, that seeks to decrease both fertility and the sex ratio at birth. First, I construct a model …
Persistent link: https://www.econbiz.de/10010258158
This paper examines the effects of a major change in German parental transfer system on fertility. I use the largely …-order fertility. Given the recent introduction, this paper evaluates short-run responses by using data from the German Microcensus …-run fertility responses are less pronounced and vary with potential earnings. The heterogeneity is in line with the structure of …
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We study the effects of the cancellation of a sizeable child benefit in Spain on birth timing and neonatal health. In May 2010, the government announced that a 2,500-euro universal "baby bonus" would stop being paid to babies born on or after January 1st, 2011. We use detailed micro data from...
Persistent link: https://www.econbiz.de/10010248828