
Abstract
A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and education, we discuss internalization policies associated with child benefits in the pension formula. The second-best scheme displays both a benefit contingent on the contributions of children and a purely fertility-related component.
| Dokumententyp: | Paper | 
|---|---|
| Fakultät: | Volkswirtschaft Volkswirtschaft > Lehrstühle > Lehrstuhl für Nationalökonomie | 
| Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft | 
| Sprache: | Englisch | 
| Dokumenten ID: | 19196 | 
| Datum der Veröffentlichung auf Open Access LMU: | 15. Apr. 2014 08:49 | 
| Letzte Änderungen: | 29. Apr. 2016 09:16 | 
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- Pension, fertility, and education. (deposited 15. Apr. 2014 08:49) [momentan angezeigt]
 
		 
	 
    


