There is growing concern about a decline in the total fertility rate worldwide, but nowhere is the concern greater than … generate incentives for individuals to reduce not just the fertility rate within families, but also the incentive to form … fertility rates. Our results show that the impact of social security on these variables has been non-trivial. Our calibrated …

failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … transfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic inefficiency in …

ageing: investing abroad, endogenous human capital formation and increasing the retirement age. Although non of these …

We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying … particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a %u201 … probabilistic fashion. We show that most highly developed countries have fertility below the rate that maximizes steady state …

critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … perceive children as an important source of old-age support and that, in partial equilibrium (PE), increased fertility lowers … aggregate fertility on household savings …

developing countries. This paper presents a theoretical model which integrates micro-level decision making about fertility and …

dependency ratio (DR), is currently about 0.64. In the immediate pre-WWII era it was even higher because Japan's total fertility ….44 in 1990. But further declining fertility and rising life expectancy caused the DR to shoot up after 1995.In this short … its DR because its fertility rate is low, its people are long lived and it has little immigration. Fertility is the …