Growing old and staying young: population policy in an ageing closed economy
| Autor: | Lex Meijdam, Bas van Groezen |
|---|---|
| Rok vydání: | 2006 |
| Předmět: |
Economics and Econometrics
education.field_of_study Labour economics Child rearing media_common.quotation_subject Population Wage Allowance (money) Overlapping generations model ageing child allowances closed economy endogenous fertility overlapping generations pensions social security Economics education Old Age Security health care economics and organizations Externality Demography media_common Social policy |
| Zdroj: | Journal of Population Economics. 21:573-588 |
| ISSN: | 1432-1475 0933-1433 |
| DOI: | 10.1007/s00148-006-0067-x |
| Popis: | This paper analyses the relation between public pensions, fertility and child care in a closed-economy overlapping generations model with endogenous fertility. It is shown that raising a child involves two social externalities and that it is optimal to introduce child allowances if the government redistributes income from the young to the old. The optimal child allowance rises when longevity increases. If the costs of raising children depend positively on the wage, a third externality arises and the returns to savings should be taxed. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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