Pension Policies in a Model with Endogenous Fertility

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

No 11511, IZA Discussion Papers from Institute of Labor Economics (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)
Pages: 30 pages
Date: 2018-04
New Economics Papers: this item is included in nep-age, nep-dem, nep-dge and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published - published in: Journal of Pension Economics and Finance, 2020, 19 (1), 109-125

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Journal Article: Pension policies in a model with endogenous fertility (2020)
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