Social security family finance and demography
AbstractIn this paper we analyzed a model of endogenous fertility in presence of financial market assets and social security pensions. Given the children externality and in the absence of corrective policy, the fertility rate chosen in market economy is too low. Indeed, in his optimal choice of family size, the representative household does not take into account of this children externality which leads to a sub optimal demography. We have shown that an optimal demographic allocation exists and can be implemented through a subvention taxation policy if it is available
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 38804.
Date of creation: 2012
Date of revision:
Fertility; social security; financial maket; old age security;
Other versions of this item:
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- J1 - Labor and Demographic Economics - - Demographic Economics
- D1 - Microeconomics - - Household Behavior
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-05-22 (Economics of Ageing)
- NEP-ALL-2012-05-22 (All new papers)
- NEP-DEM-2012-05-22 (Demographic Economics)
- NEP-DGE-2012-05-22 (Dynamic General Equilibrium)
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