How a Pay-As-You-Go Pension System Can Lead To a Pareto Improvement in an OLG Model with Endogenous Fertility

Peter Stauvermann

Economic Research Guardian, 2013, vol. 3, issue 1, 61-69

Abstract: Mostly, all developed countries have the problem that the total fertility rate is below its sustainable level. Therefore, all these countries face economic problems caused by a demographic change. In this paper, we show that given certain conditions a pay-as-you-go pension system where the pension depends only on the number of own children leads to a Pareto improvement and to an increase of the total fertility rate. To show this we use an Overlapping Generation model with endogenous fertility in a small open economy.

Keywords: Endogenous fertility; Pay-as-you-go pension system; OLG model (search for similar items in EconPapers)
JEL-codes: H55 J13 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ecrg.ro/files/p2013.3(1)9y5.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:3:y:2013:i:1:p:61-69

Access Statistics for this article

Economic Research Guardian is currently edited by Mihai Mutascu

More articles in Economic Research Guardian from Mutascu Publishing
Bibliographic data for series maintained by Mihai Mutascu ().