maximizes welfare across demographic groups depends on the fertility rate in the economy. Policies chosen when all demographic … excludes children from the electorate, when the fertility rate is low, and Pareto-reducing when the fertility rate is high … to retirees in the economy. Public investment in child care can change the fertility rate and shift the economy toward a …

fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor … supply. The optimum share of fertility-related pensions is always below unity, but generally positive. The former is true … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation. …

Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from … the final effects to the assumed target value and path of increased fertility. Since our study tries to quantify the … fiscal effects depend on the patterns of increased fertility. …

Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from … the final effects to the assumed target value and path of increased fertility. Since our study tries to quantify the … fiscal effects depend on the patterns of increased fertility. …

form, where we consider endogenous fertility and growth generated by human capital accumulation. From the analysis, we … long run. If we consider a closed economy, the effect of child allowances on fertility is ambiguous and remains negative on …

endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …