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Pensions and fertility: in search of a link

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  • Firouz Gahvari

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Abstract

In overlapping generations models with endogenous fertility wherein the retired partake of consumption but do not contribute to production (through their labor), fertility has a positive and a negative externality. These can be internalized through a child allowance (or tax) or a linkage between pension benefits and the number of children. The prescription rest crucially on the assumption that no parents are better than others in raising their children and that fertility can be perfectly controlled. When either of these two assumptions are violated, the case for such policy recommendations are greatly weakened. Copyright Springer Science+Business Media, LLC 2009

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Bibliographic Info

Article provided by Springer in its journal International Tax and Public Finance.

Volume (Year): 16 (2009)
Issue (Month): 4 (August)
Pages: 418-442

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Handle: RePEc:kap:itaxpf:v:16:y:2009:i:4:p:418-442

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Web page: http://www.springerlink.com/link.asp?id=102915

Related research

Keywords: Pay-as-you-go; Overlapping generations; Endogenous fertility; Externality of fertility; Stochastic fertility; Moral hazard; Parents’ heterogeneity; Adverse selection; H55; J13;

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References

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Cited by:
  1. Pierre Pestieau & Grégory Ponthière, 2011. "Childbearing Age, Family Allowances and Social Security," PSE Working Papers hal-00612613, HAL.
  2. Cremer, Helmuth & Gahvari, Firouz & Pestieau, Pierre, 2011. "Fertility, human capital accumulation, and the pension system," Journal of Public Economics, Elsevier, vol. 95(11), pages 1272-1279.
  3. repec:hal:wpaper:hal-00612613 is not listed on IDEAS

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