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EnglishSince recent studies have argued that a pro-natalist effect could be obtained by introducing fertility-related pension systems for contrasting, especially in European countries, the plague of below-replacement fertility and the resulting problem of financing the widespread pay-as-you-go (PAYG) pension benefits, we built up an overlapping generations (OLG) general equilibrium model with endogenous fertility, to investigate whether and how a fertility-related pension reform increases population growth. We show that if the capital’s share in production is high enough, such a reform, in contrast with the suggestions of the preceding literature, always reduces the long-run fertility rate.
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| Titolo: | Fertility-related pensions and fertility disincentives |
| Autori: | |
| Data di pubblicazione: | 2008 |
| Rivista: | |
| Citazione: | Fertility-related pensions and fertility disincentives / L. Fanti; L. Gori. - In: ECONOMICS BULLETIN. - ISSN 1545-2921. - ELETTRONICO. - 10 (8)(2008), pp. 1-7. |
| Abstract: | Since recent studies have argued that a pro-natalist effect could be obtained by introducing fertility-related pension systems for contrasting, especially in European countries, the plague of below-replacement fertility and the resulting problem of financing the widespread pay-as-you-go (PAYG) pension benefits, we built up an overlapping generations (OLG) general equilibrium model with endogenous fertility, to investigate whether and how a fertility-related pension reform increases population growth. We show that if the capital’s share in production is high enough, such a reform, in contrast with the suggestions of the preceding literature, always reduces the long-run fertility rate. |
| Handle: | http://hdl.handle.net/11567/258145 |
| Appare nelle tipologie: | 01.01 - Articolo su rivista |
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