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Endogenous Fertility and Pension System

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  • Yasuoka, Masaya

Abstract

This paper presents consideration of two public pension systems having a Defined Contribution (DC) or a Defined Benefit (DB) structure. The differences between these two pension structures are considerably important. In fact, DC benefits for older people are changed according to a budget under a constant contribution rate by younger people, but DB entails a contribution rate that changes based on maintenance of a balanced budget, providing constant benefits for older people. In addition, this paper presents consideration of the child care of two types: one for the child care service and the other for the child care time. The noteworthy result shows that the DB pension system derives the multiple fertility if the child care is given by the time because of the contribution rate affects both the household disposable income and opportunity cost to have children.

Suggested Citation

  • Yasuoka, Masaya, 2018. "Endogenous Fertility and Pension System," MPRA Paper 86131, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:86131
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    References listed on IDEAS

    as
    1. Yasuoka, Masaya & Goto, Naohisa, 2011. "Pension and child care policies with endogenous fertility," Economic Modelling, Elsevier, vol. 28(6), pages 2478-2482.
    2. 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.
    3. 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.
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    More about this item

    Keywords

    Defined benefit; Defined contribution; Endogenous fertility;
    All these keywords.

    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

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