Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by …

This study identifies the causal effect of pension generosity on women's fertility behavior. It capitalizes on Brazil … age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the … contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities …

This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as … part through education. In addition to the customary externality source associated with a change in average fertility rate … alone entails a higher fertility rate and a lower ratio of high- to low-ability children, as compared to using education …

run, particularly for rapidly ageing nations, but also entail non-negligible transitional costs …

This paper attempts to paint a coherent picture of the effects of ageing on a small, open, economy with large pension … equilibrium model with institutional details. We find that ageing leads to a tighter labor market, increasing costs for both … burden of ageing is the eventual size of the increase in labor market participation of older workers. The intergenerational …