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 …

predicts lower future pensions to reduce fertility, while the old-age security" to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are … consistent with old-age security" even for contemporary fertility. …

predicts lower future pensions to reduce fertility, while the “old-age security” to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are … consistent with “old-age security” even for contemporary fertility. …

predicts lower future pensions to reduce fertility, while the “old-age security” to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are … consistent with “old-age security” even for contemporary fertility. …

The emergence of old-age social security has been linked to general fertility decline, and in recent years pension … reforms have emerged as a response to the challenges of population ageing, in turn partially a consequence of fertility … decline. Understanding the link between social security and low fertility is therefore very important. In this paper we …

predicts lower future pensions to reduce fertility, while the 'old-age security' to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are … consistent with 'old-age security' even for contemporary fertility. …

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 …

This study identifies the causal effect of pension generosity on women's fertility behavior. It capitalizes on Brazil … age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the … contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities …

This study identifies the causal effect of pension generosity on women’s fertility behavior. It capitalizes on Brazil … age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the … contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities …