presence a non distortionary tax for financing national debt. With Cobb-Douglas preferences and fixed costs for rearing …

In the present work we show that, when one allows for endogenous fertility in Diamonds (1965) OLG model, public debt … plays still a clear-cut role on dynamic inefficiency (DI): for correcting DI, national debt must be increased. DI is more …¢cient condition for welfare improvements to obtain via debt increases, since, in presence of endogenous fertility, the optimal level …

In this paper we show that, when endogenous fertility is considered via Cobb-Douglas preferences, public debt plays a … clear-cut role on dynamic inefficiency (DI) of an OLG economy: in fact, for correcting the DI problem, debt must be …, the necessity of a positive level of debt, is favoured by a small capital income share, on the technological side, and a …

Public debt and fertility are two issues of major concern in the current debate about economic policy, especially in … countries with below replacement fertility and large debt. In this paper we show that public debt is in general harmful for … fertility, in that debt issuing almost ever crowds out fertility. The relationship is reversed only if debt is sufficiently low …

Public debt and fertility are two issues of major concern in the current economic policy debate, especially in … countries with below-replacement-fertility and large debt (which appears further enlarged as a consequence of the recent world … financial distress 2008–2009). In this paper we show that, at the steady state, public debt is in general harmful for fertility …

This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular … debt is issued by the government to finance the payment. In the model presented below, an economy with an aging population …

behaviour) may be possible in presence of intergenerational public transfers(i.e. public national debt or PAYG pensions). In …

This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular … debt is issued by the government to finance the payment. In the model presented below, an economy with an aging population …

This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular … debt is issued by the government to finance the payment. In the model presented below, an economy with an aging population …