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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/18985
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| Title: | | Pension, fertility, and education  |
| 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
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