Public debt, child allowances and pension benefits with endogenous fertility

Artikel

The public debt stock in some economically developed countries continues to increase because of a lack of tax revenues and the concomitant burdens of social security. Many of those countries suffer from lower birth rates and consequently, have fewer children. Child allowances might be an effective way to increase fertility, leading to higher future tax revenues through an increase in the number of younger people. In this paper, the authors examine whether or not child allowances reduce the public debt stock as a share of GDP in an economy with a pension system. As long as a non-negative debt policy is adopted in the long run, child allowances financed by bonds always increase the public debt stock as a share of GDP.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 7 ; Year: 2013 ; Issue: 2013-11 ; Pages: 1-25 ; Kiel: Kiel Institute for the World Economy (IfW)

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Social Security and Public Pensions ; Fertility; Family Planning; Child Care; Children; Youth
• Thema: public debt ; endogenous fertility ; child allowances ; pension ; Öffentliche Schulden ; Familienleistungsausgleich ; Fruchtbarkeit ; Gesetzliche Rentenversicherung ; Bevölkerungsökonomie ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Yasuoka, Masaya ; Miyake, Atsushi
• Ereignis: Veröffentlichung
• (wer): Kiel Institute for the World Economy (IfW)
• (wo): Kiel
• (wann): 2013

Weitere Informationen

• DOI: doi:10.5018/economics-ejournal.ja.2013-11
• Handle: http://hdl.handle.net/10419/71408
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ