This paper analyses the eeffects of ageing and child support in a model with endogenous fertility and Pay …-As-You-Go (PAYG) pensions. First, we show that the endogeneity of fertility makes society vulnerable to both pessimistic beliefs and … changes in life expectancy. In particular, we show that the private fertility choice may not coincide with the social optimum …

This paper analyses the relation between public pensions, fertility and child care in a closed economy OLG-model with … endogenous fertility. It it shown that it is optimal to introduce child allowances if the government redistributes income from …

In overlapping generations models with endogenous fertility wherein the retired partake of consumption but do not … contribute to production (through their labor), fertility has a positive and a negative externality. These can be internalized … crucially on the assumption that no parents are better than others in raising their children and that fertility can be perfectly …

The paper presents a synthesis of the economics of exhaustible resources and that of endogenous fertility in an …

Public debt and fertility are two issues of major concern in the current economic policy debate, especially in … countries with below-replacement-fertility and large debt (which appears further enlarged as a consequence of the recent world … financial distress 2008–2009). In this paper we show that, at the steady state, public debt is in general harmful for fertility …

In a standard OLG model of a small open economy with logarithmic utility and endogenous fertility we show that the … reversion of the relationship between fertility and wages (i.e. a transition from the Malthusian to the Modern fertility … fact, as known, the latter have been implemented mostly in the advanced Western Countries, where the fertility behavior …

overlapping-generations model of endogenous fertility with heterogeneous agents. The model places particular emphasis on the time … having children and hence sow the seeds of its own destruction. The model is then extended to allow for fertility … number of OECD countries that have generous DBPAYG pension systems and falling fertility rates. …