Fertility and PAYG pensions in the overlapping generations model

Luciano Fanti and Luca Gori ()

MPRA Paper from University Library of Munich, Germany

Abstract: This article analyses how long-run pay-as-you-go public pensions react to a change in fertility in the basic overlapping generations model of neoclassical growth. While it would seem well established both in the academic and political debates that the decline in fertility represents a “demographic time bomb” for the sustainability of public pensions, it is shown that a falling birth rate need not necessarily cause long-run pension benefit to fall.

Keywords: Fertility; PAYG pensions; OLG model (search for similar items in EconPapers)
JEL-codes: J26 O41 (search for similar items in EconPapers)
Date: 2010-10-11
New Economics Papers: this item is included in nep-age and nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Fertility and PAYG pensions in the overlapping generations model (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25811

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