This paper studies the effects of a fully funded social security reform with endogenous fertility in a detailed, general equilibrium life-cycle model with dynasties whose members differ in skills and life uncertainty. We find that as high skill households tend to save relatively more in assets than in children, models with exogenous fertility underestimate the aggregate capital stock in the PAYG steady state. These models also predict that the capital stock increases after the fully funded reform. However, because the high skill households respond to the reform by having more children and investing less in assets and intergenerational transfers, the average fertility increases and the aggregate capital stock falls. The welfare gains from th...
This paper studies the design of a pay-as-you-go social security system in an overlapping generation...
Economists and demographers have long argued that fertility differs by income (differen-tial fertili...
In this paper we propose a pension policy that would isolate the social security system from any fin...
This paper combines the ‘old age security ’ and ‘parental altruism ’ motivation for fertility choice...
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of un...
This paper analyses the eeffects of ageing and child support in a model with endogenous fertility an...
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of un...
This paper studies the design of a pay-as-you-go social security system in a society where fertility...
Economists and demographers have long argued that fertility differs by income (differential fertilit...
This paper analyzes the impact of relaxing fertility controls and expanding social security in China...
This paper examines how social security reform and childcare support affect fertility and social wel...
This paper examines how social security reform and childcare support affect fertility and social wel...
Social security tends to be unsustainable in nature in that it reduces individuals' demand for child...
This paper studies the design of a pay-as-you-go social security system in an overlapping generation...
This paper studies the design of a pay-as-you-go social security system in a society where fertility...
This paper studies the design of a pay-as-you-go social security system in an overlapping generation...
Economists and demographers have long argued that fertility differs by income (differen-tial fertili...
In this paper we propose a pension policy that would isolate the social security system from any fin...
This paper combines the ‘old age security ’ and ‘parental altruism ’ motivation for fertility choice...
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of un...
This paper analyses the eeffects of ageing and child support in a model with endogenous fertility an...
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of un...
This paper studies the design of a pay-as-you-go social security system in a society where fertility...
Economists and demographers have long argued that fertility differs by income (differential fertilit...
This paper analyzes the impact of relaxing fertility controls and expanding social security in China...
This paper examines how social security reform and childcare support affect fertility and social wel...
This paper examines how social security reform and childcare support affect fertility and social wel...
Social security tends to be unsustainable in nature in that it reduces individuals' demand for child...
This paper studies the design of a pay-as-you-go social security system in an overlapping generation...
This paper studies the design of a pay-as-you-go social security system in a society where fertility...
This paper studies the design of a pay-as-you-go social security system in an overlapping generation...
Economists and demographers have long argued that fertility differs by income (differen-tial fertili...
In this paper we propose a pension policy that would isolate the social security system from any fin...