Over the next four decades, increasing old-age dependency ratios will exert an enormous
upward pressure on welfare spending in most developed countries. As this is mainly due to …

In the last century, most countries have experienced both an increase in pension spending
and a decline in fertility. We argue that the interplay of pension generosity and development …

We set up an overlap**-generations model with endogenous fertility to study pensions
policies in an ageing economy. We show that an increasing life expectancy may not be …

This paper provides a unified treatment of externalities associated with fertility and human
capital accumulation within pay-as-you-go pension systems. It considers an overlap** …

We study an OLG model with child policies and a PAYG pension with endogenous
retirement and fertility. The result of the planned economy is compared to the decentralized …

The paper investigates the demographic alternatives for dealing with the projected
population aging and low or negative growth of the population and labor force in the North …

This paper studies retirement and child support policies in a small, open, overlap**-
generations economy with PAYG social security and endogenous retirement and fertility …

Rapidly aging population in high-income countries has exerted additional pressure on the
sustainability of public pension expenditure. We present a theoretical model of public …

This paper discusses alternative ways to deal with the positive externalities of having
children in a pay-as-you-go pension system. Family allowances are compared to introducing …

Rapidly aging population in high-income countries has exerted additional pressure on the
sustainability of public pension expenditure. We present a formal model of public pension …