In this paper we analyzed a model of endogenous fertility in presence of financial market assets and social security … pensions. Given the children externality and in the absence of corrective policy, the fertility rate chosen in market economy …

Investigating the effects of population aging on fertility and economic growth, we show that an increase in life … expectancy lowers the fertility rate and raises life-cycle savings, and that a pay-as-you-go social security does not reverse the … effect on fertility. …

This paper studies the effects of a fully funded social security reform with endogenous fertility in a detailed … skill households tend to save relatively more in assets than in children, models with exogenous fertility underestimate the … assets and intergenerational transfers, the average fertility increases and the aggregate capital stock falls. The welfare …

We examine how child-allowance policies with pay-as-you-go systems affect fertility and growth rates. A current method … fertility rate but decreases the growth rate. This study also demonstrates that when a government initiates a child …-allowance policy using some part of the pension budget, the fertility rate declines in aging economies. …

children as old-age economic security, discouraging fertility. In particular, this fact may explain the contemporaneity of the … political economy research these effects have been ignored, as the fertility choice is usually considered exogenous. This paper … pension systems, because as the family structure becomes weaker the fertility decreases, thus reducing the profitability of …

temporarily or permanently affect fertility in small open economies. This article tests the Becker-Barro model with relevant data … that government subsidies for having children have a strong positive effect on fertility, while the provision of public … is only weak support for the hypothesis that real interest rates positively influence fertility. …

capital, endogenous fertility and positive spillovers from average human capital. Such spillovers reduce human capital … investment but raise fertility from their social optimum. We first characterize the social optimum with a non-convex feasible set …

The economic theory of fertility acknowledges the importance of old age pensions for individual fertility decisions …. However, theoretical predictions regarding the sign of this relation differ from altruistic fertility models (positive) to non …-altruistic fertility models (negative). First, a cointegration analysis is employed in order to check if there is a long-term equilibrium …

In this paper we investigate long-run optimal social security and public health and their effects on fertility … plausible conditions, social security and public health reduce fertility and raise longevity, capital intensity and output per …