Savings, Child Support, Pensions and Endogenous (and Heterogeneous) Fertility

Arbeitspapier

van Groezen, Leers and Meijdam (2003) (for short, GLM) analyzed combination of public pension and child support in an OLG model. We impose credit constraint on workers, and extend GLM's analysis from the case where workers do not understand the cost also to the case where they do. GLM's infinite stream of generations is simplified into three generations but heterogeneity of rearing costs and of enjoying children is introduced. Two major results: (i) excluding negative savings, fertility decreases with pension contributions and increases with taxes; (ii) the introduction of fertility-dependent pensions may strengthen heterogeneity in fertility.

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• ISBN: 978-615-5243-95-0
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IEHAS Discussion Papers ; No. MT-DP - 2013/35

Classification and Topics

• Classification: Wirtschaft ; Household Behavior: General ; Social Security and Public Pensions ; Fertility; Family Planning; Child Care; Children; Youth ; Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination ; Demographic Economics: Public Policy ; Retirement; Retirement Policies
• Subject: Child support ; Endogenous fertility ; Overlapping generations ; Pensions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Simonovits, András
• Event: Veröffentlichung
• (who): Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies
• (where): Budapest
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/108322