Fertility, Child Care Outside the Home and Pay-as-You-Go Social Security

Akira Yakita

Chapter Chapter 4 in Population Aging, Fertility and Social Security, 2017, pp 45-63 from Springer

Abstract: Abstract This chapter examines the long-term effects of PAYG social security on fertility and the welfare of individuals, assuming that child-care services are available in the market. The availability of market child-care services exerts positive effects on fertility decisions of parents, and a greater number of younger generations work in the market and contribute more to the social security system. On the other hand, a PAYG social security will negatively affect capital accumulation of the economy through consumption-savings behaviors of individuals.

Keywords: Child Care; Social Security System; Social Security Benefit; Lifetime Utility; Child Care Service (search for similar items in EconPapers)
Date: 2017
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Journal Article: Fertility, child care outside the home, and pay-as-you-go social security (2009)
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DOI: 10.1007/978-3-319-47644-5_4

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