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Growing old and staying young: population policy in an ageing closed economy

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  • Bas Groezen
  • Lex Meijdam

Abstract

This paper analyses the relation between public pensions, fertility and child care in a closed economy OLG-model with endogenous fertility. It it shown that it is optimal to introduce child allowances if the government redistributes income from the young to the old, and rises when longevity increases.
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Suggested Citation

  • Bas Groezen & Lex Meijdam, 2008. "Growing old and staying young: population policy in an ageing closed economy," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(3), pages 573-588, July.
    • Handle: RePEc:spr:jopoec:v:21:y:2008:i:3:p:573-588
    DOI: 10.1007/s00148-006-0067-x
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    2. Ermisch, John & Ogawa, Naohiro (ed.), 1994. "The Family, the Market, and the State in Ageing Societies," OUP Catalogue, Oxford University Press, number 9780198288183.
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    More about this item

    Keywords

    Child allowances; Endogenous fertility; Pensions; D10; H55; J13;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • 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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