[PDF] Top 20 Fertility and PAYG pensions in the overlapping generations model

... in fertility experienced especially in Europe raised several serious concerns about the sustainability of existing social security programmes, notably the pay-as-you-go (PAYG) pension ...the ... See full document

... an overlapping generations model with endogenous retirement to examine the effect of fertility on long-run pay-as-you-go (PAYG) ...that pensions may not necessarily increase with ... See full document

... OLG model with retirement to examine the effect of fertility on long-run PAYG ...of fertility on pensions, we follow Fanti and Gori (2012) and assume that the fertility rate is ... See full document

... the fertility rate or official pension age does not necessarily raise ...in fertility or official pension age causes a positive direct effect due to more labor contributing to pensions and a negative ... See full document

... our model, while increased capital-labor ratio improves lifetime wage, it also increases child-rearing ...future generations does not ...our model, each generation obtains the welfare gain from more ... See full document

... below-replacement fertility phenomena currently occurring in many developed countries have exacerbated the concerns about offspring externalities and even stimulated some recent analyses of welfare implications of ... See full document

... In the past few years Chakraborty (2004) and Bunzel and Qiao (2005) have shown that if public investments on health are relatively scarce, development traps can appear in the Diamond overlapping generations ... See full document

... the fertility rate decline, these channels dampen the hours worked by younger generations and reduce the proportion of savers in the ...a fertility rate decline, and the impact on government debt ... See full document

... public pensions, the decision to have children in such a case is not only based on the old-age-support motive but also on altruism towards ...of fertility in the modern approach ... See full document

... Abstract Within the framework of an overlapping generations model with two-sided altruism and endogenous growth, this paper calculates the rates of fertility, output growth, child-rearin[r] ... See full document

... the fertility crisis on PAYG pensions, it has been suggested, amongst other things, to incentive families to have more children in order to increase the ratio of economically active to total ... See full document

... widespread PAYG schemes in the long-run, social security reforms are currently high in the political ...between pensions, fertility, longevity and economic growth has been developed in the last ... See full document

... an overlapping generations model, where in each pe- riod the government collects labor taxes and pension contri- butions (called PAYG-taxes by GLM) from workers and in turn pays child ... See full document

... all overlapping generations models, an increase in n has both a capital spreading effect, as more workers arrive to work with the existing capital stock, and a reduced dependency effect, as the relative ... See full document

... that PAYG DB schemes also lead both to intergenerational and intra-generational inequity with different economic levels (see, for example, World Bank 1994, Kunieda ... See full document

... Our model might be interpreted as an extension of Lopez and Mitra ...OLG model rather than a static model (Lopez and Mitra 2000 construct a static ...OLG model, we can derive the different ... See full document

... the model – based on rigorous micro foundations and which possesses well-defined long-run properties – and focuses on the long-run effects of gender-based ...the model described here may not provide ... See full document

... Indeterminacy, bifurcations and chaos in an overlapping generations model with negative environmental externalities Antoci, Angelo and Sodini, Mauro University of Sassari, University of [r] ... See full document

... “The effective sizes of random mating populations of constant size and sex ratio with overlapping generations are equal to the effective sizes of populations with [r] ... See full document

... In each case there are assumed to be discrete breeding periods, e.g., years, a constant number born or chosen for breeding at each time period, and a constant parental age[r] ... See full document