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dependency ratio until the end of the century, assuming total fertility rates between 1.0 and 2.0 with constant and increasing …
Persistent link: https://www.econbiz.de/10013448679
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …
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Rising public pension generosity has frequently been cited as one reason for the (persistently) declining fertility … rates in many advanced economies. Despite the theoretical appeal, empirical evidence on the pension-fertility nexus is … limited. To fill this gap, I study country-level fertility trends before and after 23 pension reforms using a long-run panel …
Persistent link: https://www.econbiz.de/10011608047
In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
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We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
Persistent link: https://www.econbiz.de/10012009609