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http://hdl.handle.net/10419/31912
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| Title: | | Pension and children: Pareto improvement with heterogeneous preferences  |
| Authors: | | Gaggermeier, Christian |
| Issue Date: | | 2006 |
| Series/Report no.: | | IAB discussion paper 2006,3 |
| 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. |
| Subjects: | | Rentenreform - Modell Rentenhöhe Rentenanpassung Rentenunterschied Rentenversicherung Eltern Rentner Kinderlosigkeit Kinderzahl Rente - Finanzierung Versorgungsausgleich Lebensstandard Generationenvertrag Familienpolitik demografische Faktoren Rentenpolitik |
| JEL: | | H55 J11 J13 J26 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IAB-Discussion Paper
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