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contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … decrease fertility less. Finally, the effects of the social security tax on capital per worker are negative with mandatory …
Persistent link: https://www.econbiz.de/10012870250
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 …
Persistent link: https://www.econbiz.de/10012838499
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...
Persistent link: https://www.econbiz.de/10013099759
social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … fertility and the elderly labor supply in the economy as a whole. It shows that governments can realize the first …
Persistent link: https://www.econbiz.de/10013251539
The demographic transition the move from a high fertility/high mortality regime into a low fertility/low mortality … and increasing speed of transitions. It also produces a strong correlation between the speeds of fertility transition and …
Persistent link: https://www.econbiz.de/10014076463
the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …
Persistent link: https://www.econbiz.de/10013110845
We study the impact of grandparental retirement decisions on family members' labor supply and child outcomes by exploiting a Dutch pension reform in a fuzzy Regression Discontinuity design. A one-hour increase in grandmothers' hours worked causes adult daughters with young children to work half...
Persistent link: https://www.econbiz.de/10014081593
We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...
Persistent link: https://www.econbiz.de/10014084040
In this paper we consider the effects of population aging on a pay-as-you-go financed defined contributions pension scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level of capital. The effect on pension payouts is in general...
Persistent link: https://www.econbiz.de/10012989833
generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both …
Persistent link: https://www.econbiz.de/10013087869