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Fertility, Child Care Outside the Home and Pay-as-You-Go Social Security

In: Population Aging, Fertility and Social Security

Author

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  • Akira Yakita

    (Nanzan University)

Abstract

This chapter examines the long-term effects of PAYG social security on fertility and the welfare of individuals, assuming that child-care services are available in the market. The availability of market child-care services exerts positive effects on fertility decisions of parents, and a greater number of younger generations work in the market and contribute more to the social security system. On the other hand, a PAYG social security will negatively affect capital accumulation of the economy through consumption-savings behaviors of individuals.

Suggested Citation

  • Akira Yakita, 2017. "Fertility, Child Care Outside the Home and Pay-as-You-Go Social Security," Population Economics, in: Population Aging, Fertility and Social Security, chapter 0, pages 45-63, Springer.
    • Handle: RePEc:spr:popchp:978-3-319-47644-5_4
    DOI: 10.1007/978-3-319-47644-5_4
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    Cited by:

    1. Kohei Daido & Ken Tabata, 2013. "Social Norms on Working Hours, Work-Life Balance, and Fertility Choice," Discussion Paper Series 108, School of Economics, Kwansei Gakuin University, revised Sep 2013.
    2. Luciano Fanti & Luca Gori, 2014. "Endogenous fertility, endogenous lifetime and economic growth: the role of child policies," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(2), pages 529-564, April.
    3. Yasuoka, Masaya & Goto, Naohisa, 2011. "Pension and child care policies with endogenous fertility," Economic Modelling, Elsevier, vol. 28(6), pages 2478-2482.
    4. Eva Mörk & Anna Sjögren & Helena Svaleryd, 2013. "Childcare costs and the demand for children—evidence from a nationwide reform," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(1), pages 33-65, January.
    5. Muro, Kazunobu, 2022. "Physical and human capital, fertility, and childcare services," Research in Economics, Elsevier, vol. 76(4), pages 422-436.
    6. Amy Farmer & Andrew W. Horowitz & Na Tan, 2020. "Sibling donation games: pure‐altruism, strategic‐altruism, and the interaction of familial and public transfers," Southern Economic Journal, John Wiley & Sons, vol. 87(2), pages 608-628, October.
    7. Creina Day, 2018. "Inverse J Effect of Economic Growth on Fertility: A Model of Gender Wages and Maternal Time Substitution," Journal of Family and Economic Issues, Springer, vol. 39(4), pages 577-587, December.
    8. Masatoshi Jinno & Masaya Yasuoka, 2016. "Are the social security benefits of pensions or child-care policies best financed by a consumption tax?," Business and Economic Horizons (BEH), Prague Development Center, vol. 12(3), pages 94-112, September.
    9. Masatoshi Jinno & Masaya Yasuoka, 2016. "Tax System, Replacement Rate of Pension and Child Allowance," Applied Economics and Finance, Redfame publishing, vol. 3(3), pages 148-157, August.
    10. Kazunobu Muro, 2023. "Endogenous fertility cycles and childcare services," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(2), pages 221-247, June.
    11. Masaya Yasuoka, 2014. "Child-care Policies and Pension in an Endogenous Fertility Model," Discussion Paper Series 114, School of Economics, Kwansei Gakuin University, revised Jan 2014.
    12. Creina Day, 2012. "Economic Growth, Gender Wage Gap and Fertility Rebound," The Economic Record, The Economic Society of Australia, vol. 88(s1), pages 88-99, June.
    13. Zou, Tieding, 2017. "延迟退休的制约因素、政策效果与动态研究方法评价 [Restriction, Policy Effect and Dynamic Research Method to Delay Retirement]," MPRA Paper 85556, University Library of Munich, Germany, revised 30 Jan 2018.
    14. Koichi FUTAGAMI & Kunihiko KONISHI, 2017. "Population Dynamics, Longer Life Expectancy, and Child-Rearing Policies in an R&D-based Growth Model with Overlapping Generations," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 193, pages 21-49, March.
    15. Masaya Yasuoka & Naohisa Goto, 2015. "How is the child allowance to be financed? By income tax or consumption tax?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(3), pages 249-269, September.
    16. Miyazawa, Kazutoshi, 2016. "Grandparental child care, child allowances, and fertility," The Journal of the Economics of Ageing, Elsevier, vol. 7(C), pages 53-60.
    17. Kazumasa Oguro & Masaya Yasuoka, 2017. "Stress, Child Care, and Fertility," Discussion Paper Series 153, School of Economics, Kwansei Gakuin University, revised Jan 2017.
    18. Creina Day, 2012. "Will Fertility Rebound In Japan," Asia Pacific Economic Papers 395, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    19. Koichi Miyazaki, 2013. "Pay-as-you-go social security and endogenous fertility in a neoclassical growth model," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(3), pages 1233-1250, July.
    20. Takashi Oshio & Masaya Yasuoka, 2009. "Maximum size of social security in a model of endogenous fertility," Economics Bulletin, AccessEcon, vol. 29(2), pages 644-654.
    21. Komura, Mizuki & Ogawa, Hikaru, 2014. "Pension and the Family," IZA Discussion Papers 8479, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    Child Care; Social Security System; Social Security Benefit; Lifetime Utility; Child Care Service;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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