This is the latest version of this item.
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. Copyright
Item Type: | Journal article |
---|---|
Faculties: | Economics Economics > Chairs > Chair for Public Economics |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
Item ID: | 19214 |
Date Deposited: | 15. Apr 2014 08:49 |
Last Modified: | 04. Nov 2020 13:00 |
Available Versions of this Item
-
Pension, fertility, and education. (deposited 15. Apr 2014 08:49)
- Pensions, fertility, and education. (deposited 15. Apr 2014 08:49) [Currently Displayed]