Showing 1 - 6 of 6
The aim of the paper is to investigate how child allowances affect population growth and pension benefits of pay-as-you-go (PAYG) pension systems in small open and closed economies. We apply an overlapping-generations (OLG) model in its canonical form, where we consider endogenous fertility and...
Persistent link: https://www.econbiz.de/10012132048
Persistent link: https://www.econbiz.de/10011942659
Persistent link: https://www.econbiz.de/10012223786
Using an over-lapping generations (OLG) model, we show how small open economies can enhance their growth through educational subsidies financed via government debt. In our model, we endogenize human capital and fertility without the strong assumptions of altruism or positive spill over effects...
Persistent link: https://www.econbiz.de/10011112408
Using an over-lapping generations (OLG) model, we show how small open economies can enhance their growth through educational subsidies financed via public debt and reduce their fertility rate. We show that subsidizing education through public debt leads to a Pareto improvement of all...
Persistent link: https://www.econbiz.de/10011113313
The aim of the paper is to investigate how child allowances affect population growth and pension benefits of pay-as-you-go (PAYG) pension systems in small open and closed economies. We apply an overlapping-generations (OLG) model in its canonical form, where we consider endogenous fertility and...
Persistent link: https://www.econbiz.de/10013199629