their children. According to another, such negotiations are made unnecessary by self-enforcing family rules. Fertility … working-age people to man the physical capital and materially take care of the elderly. The link between fertility- and aging …

endogenous fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime … labour supply. The optimum share of fertility-related pensions is always below unity, but generally positive. The former is … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve the optimum allocation …

In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show …, fertility and savings decisions, and on Pareto optimality of equilibrium allocation. We show that the learning equilibrium …

An analysis of the effect of public pension schemes on a country's fertility rate and a proposal for policies to reform …