Arbeitspapier
Pensions and Fertility Incentives
This paper discusses the efficiency of a pay-as-you-go pension reform by introducing a child benefit in an endogenous 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 since individuals do not take into account the impact of their labor supply choice on the parent generation. It is demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation.
- Language
-
Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 879
- Classification
-
Wirtschaft
- Subject
-
public pensions
pay-as-you-go
fertility
externalities
- Event
-
Geistige Schöpfung
- (who)
-
Fenge, Robert
Meier, Volker
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fenge, Robert
- Meier, Volker
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2003
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