@techreport{Gaggermeier2006Pension,
abstract = {In an overlapping-generations model with endogenous birth rates, I design a reform of the pay-as-you-go pension system, which internalises positive externalities of children - their pension contributions. Individuals may differ in their preferences for children and their ability to have children at all. They can choose between the status-quo flat-rate benefits and a new system, in which they get just the benefits that are (on average) financed by their own children, reduced by an amount which is used to subsidise the flat-rate system. Whereas people with low child preferences keep the status quo, people with high child preferences choose the individualised system, having the optimal incentives to raise children and a higher utility.},
address = {N\"{u}rnberg},
author = {Christian Gaggermeier},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H55; J11; J13; J26; 330; Rentenreform - Modell; Rentenh\"{o}he; Rentenanpassung; Rentenunterschied; Rentenversicherung; Eltern; Rentner; Kinderlosigkeit; Kinderzahl; Rente - Finanzierung; Versorgungsausgleich; Lebensstandard; Generationenvertrag; Familienpolitik; demografische Faktoren; Rentenpolitik},
language = {eng},
number = {2006,3},
publisher = {IAB},
title = {Pension and children: Pareto improvement with heterogeneous preferences},
type = {IAB discussion paper},
url = {http://hdl.handle.net/10419/31912},
year = {2006}
}
