van Groezen, Bas; Meijdam, Lex; Leers, T. - Tilburg University, Center for Economic Research - 2000
This paper analyses the eeffects of ageing and child support in a model with endogenous fertility and Pay-As-You-Go (PAYG) pensions. First, we show that the endogeneity of fertility makes society vulnerable to both pessimistic beliefs and changes in life expectancy. In particular, we show that...