Resource title

Pension, fertility, and education

Resource image

image for OpenScout resource :: Pension, fertility, and education

Resource description

A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and education, we discuss internalization policies associated with child benefits in the pension formula. The second-best scheme displays both a benefit contingent on the contributions of children and a purely fertility-related component.

Resource author

Volker Meier, Matthias Wrede

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18985

Resource license

Adapt according to the presented license agreement and reference the original author.