Pensions, fertility, and education
Volker Meier () and
Matthias Wrede ()
Munich Reprints in Economics from University of Munich, Department of Economics
A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and education, we discuss internalization policies associated with child benefits in the pension formula. The second-best scheme displays both a benefit contingent on the contributions of children and a purely fertility-related component. Copyright
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Published in Journal of Pension Economics and Finance 1 9(2010): pp. 75-93
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Journal Article: Pensions, fertility, and education (2010)
Working Paper: Pension, Fertility, and Education (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenar:19214
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