Lesotho, Namibia, South Africa and Botswana comprise a cluster of southern African countries which provide monthly non …

The old-age security motive for fertility postulates that people's needs for old-age support raise the demand for … children. We test this widespread idea using the extension of social pensions in Namibia during the nineties. The reform …-reform pensions and dfferences in exposure across cohorts, we show that pensions substantially reduce fertility, especially in late …

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

-as-you-go pension system. Family allowances are compared to introducing a fertility-related component into the pension formula. In an …

form, where we consider endogenous fertility and growth generated by human capital accumulation. From the analysis, we … long run. If we consider a closed economy, the effect of child allowances on fertility is ambiguous and remains negative on …