fertility. It is shown that for both structural determinants there exists no interior solution of the problem of …

are caused by ex-ante differences in lifeexpectancy. However, these pension reforms may themselves induce redistribution …

are caused by ex-ante differences in life expectancy. However, these pension reforms may themselves induce redistribution …

We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy … have negative effects on the fertility rate, thus exacerbating population ageing. …