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In this paper we investigate long-run optimal social security and public health and their effects on fertility … plausible conditions, social security and public health reduce fertility and raise longevity, capital intensity and output per …
Persistent link: https://www.econbiz.de/10009144405
Investigating the effects of population aging on fertility and economic growth, we show that an increase in life … expectancy lowers the fertility rate and raises life-cycle savings, and that a pay-as-you-go social security does not reverse the … effect on fertility. …
Persistent link: https://www.econbiz.de/10005396060
The economic theory of fertility acknowledges the importance of old age pensions for individual fertility decisions …. However, theoretical predictions regarding the sign of this relation differ from altruistic fertility models (positive) to non …-altruistic fertility models (negative). First, a cointegration analysis is employed in order to check if there is a long-term equilibrium …
Persistent link: https://www.econbiz.de/10010565813
fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a decline …
Persistent link: https://www.econbiz.de/10011581624
fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a …
Persistent link: https://www.econbiz.de/10011585848
The Turkish social insurance system has been feverishly debated for years, particularly through its burden on the economy. The most recent reform is an attempt to neutralize the deterioration within the social security system and its effects on the economy. After the recent reform, ‘the way...
Persistent link: https://www.econbiz.de/10012930526
The means-testing of age pension programs allows governments to control the receipt of pension benefits (extensive margin) and the benefit level (intensive margin). We investigate how the presence of the extensive margin influences the trade-off between protecting the poorer elderly and the...
Persistent link: https://www.econbiz.de/10010939762
This paper proposes and assesses consistent multi-factor dynamic ane mortality models for longevity risk applications. The dynamics of the model produce closed-form expressions for survival curves. The framework includes an arbitrage free model specication. Importantly, the mortality model...
Persistent link: https://www.econbiz.de/10010551707
fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a decline …
Persistent link: https://www.econbiz.de/10011584677
fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a decline …
Persistent link: https://www.econbiz.de/10012978951