The Vulnerability of Social Security When Fertility is Endogenous

This paper analyses the effects of rumours and changes in life expectancy in an economy with endogenous fertility and pay-as-you-go (PAYG) pensions. We show that the endogeneity of fertility makes society vulnerable to both pessimistic beliefs and an increasing life span. On the one hand, rumours th...

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Veröffentlicht in:	Journal of institutional and theoretical economics 2002-12, Vol.158 (4), p.715-730
Hauptverfasser:	van Groezen, Bas, Leers, Theo, Meijdam, Lex
Format:	Artikel
Sprache:	eng
Schlagworte:	Child growth Child rearing Children Demographic economics Economic benefits Economics Fertility Fertility rates Life expectancy Pension plans Public pensions Rumors Social security Society Steady state economies
Online-Zugang:	Volltext
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