Old Age Pensions Public Expenditures and Fertility in European Countries
AbstractThe economic theory of fertility acknowledges the importance of old age pensions for individual fertility decisions. However, theoretical predictions regarding the sign of this relation differ from altruistic fertility models (positive) to non-altruistic fertility models (negative). First, a cointegration analysis is employed in order to check if there is a long-term equilibrium relationship between public spending on old age pensions and the fertility rate, using a sample of 30 European countries. Second, this relation is estimated using the generalized method of moments for dynamic panel data. The results confirm the predictions of altruistic fertility models. Old age pensions public expenditures are found to have a positive effect on the fertility rate, but with a low magnitude.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by West University of Timisoara, Romania, Faculty of Economics and Business Administration in its journal Timisoara Journal of Economics.
Volume (Year): 5 (2012)
Issue (Month): 17 ()
Postal: 16 J. H. Pestalozzi Street, 300115, Timisoara, Romania
Find related papers by JEL classification:
- 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
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Romeo Margea).
If references are entirely missing, you can add them using this form.