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 has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …

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. …

children's fertility. We use representative panel data from Germany to link observations on parents and adult children. We … retirement affects only the timing of adult children's fertility, without having an effect on total fertility. …

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 …

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 …

Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing …-productivity profiles and pension systems can explain the exception. Fertility-promoting policies will always ease the public finance …

children's fertility. We use representative panel data from Germany to link observations on parents and adult children. We … retirement affects only the timing of adult children's fertility, without having an effect on total fertility. …

Phelpsís (1961) Golden Rule states an unambiguous relationship between optimal capital intensity and fertility: a rise … in fertility decreases the optimal capital intensity, because a higher fertility increases the investment required to … having distinct fertility behaviors. We derive the optimal accumulation rule in that framework, and we show that, unlike what …