IDEAS home Printed from https://ideas.repec.org/a/wun/journl/tjev05y2012i17a08.html
   My bibliography  Save this article

Old Age Pensions Public Expenditures and Fertility in European Countries

Author

Listed:
  • Cosmin ENACHE

    (Faculty of Economics and Business Administration, West University of Timisoara, Romania)

Abstract

The 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.

Suggested Citation

  • Cosmin ENACHE, 2012. "Old Age Pensions Public Expenditures and Fertility in European Countries," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 5(17), pages 119-126.
  • Handle: RePEc:wun:journl:tje:v05:y2012:i17:a08
    as

    Download full text from publisher

    File URL: http://www.tje.uvt.ro/index.php/tje/article/download/135/pdf
    Download Restriction: no

    File URL: http://www.tje.uvt.ro/index.php/tje/article/view/135
    Download Restriction: no

    More about this item

    Keywords

    social security; old age pensions; fertility; cointegration;

    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; Spatio-temporal Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wun:journl:tje:v05:y2012:i17:a08. See general 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). General contact details of provider: http://edirc.repec.org/data/feuvtro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.