 Effect of Social Security on Fertility and Savings: An Overlapping Generations ModelLakshmi Raut () Indian Economic Review, 1992, vol. 27, issue 1, 25-43 Abstract: This paper studies the general equilibrium effects of various social security programs on the rates of population growth and capital accumulation within an overlapping generations framework with endogenous fertility and savings. It also shows that if the rate of intergenerational transfers of income from old to young or child care cost is low, a competitive equilibrium follows a path of over population and capital accumulation in a modified Pareto Optimal sense; a social security program in such a case is Pareto improving. A fully funded system is not neutral if it is financed by child - taxes. It also shows that unlike in the case of exogenous fertility where competitive equilibrium attains steady-state only asymptotically, when fertility is endogenous it may attain a unique globally stable steady state in finite time. JEL-codes: E21 I38 J13 (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:dse:indecr:v:27:y:1992:i:1:p:25-43 Ordering information: This journal article can be ordered from Access Statistics for this article Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC. |
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