EconPapers    
Economics at your fingertips  
 

Pension Policies in a Model with Endogenous Fertility

Giam Pietro Cipriani () and Francesco Pascucci ()
Additional contact information
Giam Pietro Cipriani: University of Verona
Francesco Pascucci: University of Verona

No 11511, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as increasing the retirement age or changing the social security contribution rate could have undesired general equilibrium effects. In particular, both policies decrease capital per worker and might have negative effects on the fertility rate, thus exacerbating population ageing.

Keywords: overlapping generations; pension policies; endogenous fertility; ageing (search for similar items in EconPapers)
JEL-codes: D15 H55 J13 J18 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-dem, nep-dge and nep-gro
Date: 2018-04
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Forthcoming in: Journal of Pension Economics and Finance, 2018

Downloads: (external link)
http://ftp.iza.org/dp11511.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:iza:izadps:dp11511

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute for the Study of Labor (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Mark Fallak ().

 
Page updated 2018-07-11
Handle: RePEc:iza:izadps:dp11511