Cremer, Helmuth (contributor); Gahvari, Firouz (contributor) - 2006
major impediment to the fiscal
solvency of pay-as-you-go social security systems. At the same time, the pay-as-you-go
feature … of the social security systems has partly been blamed for causing the observed
fertility decline. The reason for this … into account in the design of the social security system. The paper’s main
message is that, even in the absence of moral …