social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … fertility and the elderly labor supply in the economy as a whole. It shows that governments can realize the first …

exogenous fertility (Diamond, 1965) – that a positive relationship between longevity and pay-as-you-go (PAYG) pensions may exist … Diamond-style OLG model with endogenous fertility. It is shown that the positive relationship between longevity and pensions … decrease along with an increased longevity, though the latter is not very likely, and (2) the endogeneisation of fertility …

This paper explores whether the common belief that the currently observed fertility drop is a threat (or, conversely …, the invoked fertility recovery is beneficial) for PAYG pensions is really always validated by the basic accounting of the … PAYG pension budget. It is shown, through a simple arithmetic, that, rather surprisingly, in the long run a fertility drop …

This paper explores whether the common belief that the currently observed fertility drop is a threat (or, conversely …, the invoked fertility recovery is beneficial) for PAYG pensions is really always validated by the basic accounting of the … PAYG pension budget. It is shown, through a simple arithmetic, that, rather surprisingly, in the long run a fertility drop …

Since in many countries - plagued by low fertility - significant increases of the mandatory retirement age have been …