Logo
EnglishCookie löschen - von nun an wird die Spracheinstellung Ihres Browsers verwendet.
Fenge, Robert; Meier, Volker (2003): Pensions and Fertility Incentives. CESifo Working Paper, 879
WarnungEs gibt eine neuere Version des Dokumentes.
Volltext auf 'Open Access LMU' nicht verfügbar.

Abstract

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.

Alle Versionen dieses Dokumentes