Investigating the effects of population aging on fertility and economic growth, we show that an increase in life expectancy lowers the fertility rate and raises life-cycle savings, and that a pay-as-you-go social security does not reverse the effect on fertility.
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Find related papers by JEL classification: D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
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Michele Boldrin & Maria Cristina De Nardi & Larry E. Jones, 2005.
"Fertility and Social Security,"
Levine's Bibliography
666156000000000506, UCLA Department of Economics.
[Downloadable!]
Other versions:
Michele Boldrin & Mariacristina De Nardi & Larry E. Jones, 2005.
"Fertility and Social Security,"
NBER Working Papers
11146, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Michele Boldrin & Mariacristina De Nardi & Larry E. Jones, 2005.
"Fertility and Social Security,"
Staff Report
359, Federal Reserve Bank of Minneapolis.
[Downloadable!]