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Régime de retraite et chute de natalité : évolution des moeurs ou arbitrage micro-économique

Author

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  • Claire Loupias
  • Bertrand Wigniolle

Abstract

An overlapping generations model is examined, where fertility behaviors are endogenous. A PAYG pension scheme introduces an externality on fertility behaviors. The competitive equilibrium dynamics and the steady state are defined. Two instruments, pensions and child benefits, are necessary to decentralized the optimal stationary state. The comparison between the scenario of the model and historical facts shows that variations in welfare allowances may explain the totality of the decrease in fertility rates.

Suggested Citation

  • Claire Loupias & Bertrand Wigniolle, 2004. "Régime de retraite et chute de natalité : évolution des moeurs ou arbitrage micro-économique," Annals of Economics and Statistics, GENES, issue 73, pages 63-99.
    • Handle: RePEc:adr:anecst:y:2004:i:73:p:63-99
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    File URL: http://www.jstor.org/stable/20079069
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    Cited by:

    1. Thomas Baudin, 2011. "Family Policies: What Does the Standard Endogenous Fertility Model Tell Us?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(4), pages 555-593, August.
    2. Abío, G. & Mahieu, G. & Patxot, C., 2004. "On the optimality of PAYG pension systems in an endogenous fertility setting," Journal of Pension Economics and Finance, Cambridge University Press, vol. 3(1), pages 35-62, March.

    More about this item

    JEL classification:

    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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