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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

Listed:
  • 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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    Keywords

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    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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