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Childbearing Age, Family Allowances and Social Security

Author

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  • Pierre Pestieau

    (PSE - Paris-Jourdan Sciences Economiques - ENS Paris - École normale supérieure - Paris - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics, CREPP - Center of Research in Public Economics and Population Economics - Université de Liège, CORE - Center of Operation Research and Econometrics [Louvain] - UCL - Université Catholique de Louvain, CEPR - Center for Economic Policy Research - CEPR)

  • Grégory Ponthière

    (PSE - Paris-Jourdan Sciences Economiques - ENS Paris - École normale supérieure - Paris - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics, ENS Paris - École normale supérieure - Paris)

Abstract

Although the optimal policy under endogenous fertility has been widely studied, the optimal public intervention under endogenous childbearing age has remained largely unexplored. This paper examines the optimal family policy in a context where the number and the timing of births are chosen by individuals who differ as to how early fertility can weaken future earnings growth. We analyze the design of a policy of family allowances and of public pensions in such a setting, under distinct informational environments. We show how endogenous childbearing ages affect the optimalpolicy, through the redistribution across the earnings dimension and the internalization of fertility externalities. It is also shown that, contrary to common practice, children benefits differentiated according to the age of parents can, under some conditions, be part of the optimal family policy.

Suggested Citation

  • Pierre Pestieau & Grégory Ponthière, 2011. "Childbearing Age, Family Allowances and Social Security," PSE Working Papers hal-00612613, HAL.
  • Handle: RePEc:hal:psewpa:hal-00612613
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00612613v2
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    References listed on IDEAS

    as
    1. Ermisch, John & Ogawa, Naohiro, 1994. "Age at Motherhood in Japan," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(4), pages 393-420, November.
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    Cited by:

    1. Hippolyte D'Albis & Angela Greulich & Grégory Ponthière, 2015. "AVOIR UN ENFANT PLUS TARD Enjeux sociodémographiques du report des naissances," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01298929, HAL.
    2. Hippolyte d'Albis & Angela Greulich & Grégory Ponthière, 2017. "Education, labour, and the demographic consequences of birth postponement in Europe," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 36(23), pages 691-728, February.
    3. Pierre Pestieau & Grégory Ponthière, 2015. "Long-term care and births timing," Working Papers halshs-01131236, HAL.
    4. Pestieau, Pierre & Ponthiere, Gregory, 2016. "Long-term care and births timing," Journal of Health Economics, Elsevier, vol. 50(C), pages 340-357.
    5. repec:hal:journl:hal-01298929 is not listed on IDEAS

    More about this item

    Keywords

    endogenous fertility; childbearing age; family benefits;

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • D10 - Microeconomics - - Household Behavior - - - General
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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