EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/18985
  
Title:Pension, fertility, and education PDF Logo
Authors:Meier, Volker
Wrede, Matthias
Issue Date:2005
Series/Report no.:CESifo working papers 1521
Abstract: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.
Subjects:pay-as-you-go
fertility
human capital
externalities
JEL:H55
J13
J18
H23
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
cesifo1_wp1521.pdf290.32 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/18985

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.