文章基本信息

标题：How a Pay-as-you-go Pension System Can Lead to a Pareto Improvement in an OLG Model with Endogenous Fertility
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作者：Peter J. Stauvermann
期刊名称：Economic Research Guardian
印刷版ISSN：2247-8531
出版年度：2013
卷号：3
期号：1
页码：61-69
出版社：Weissberg Publishing
摘要：Mostly, all developed countries have the problem that the total fertility rate is below its sustainable level. Therefore, all these countries face economic problems caused by a demographic change. In this paper, we show that given certain conditions a pay-as-you-go pension system where the pension depends only on the number of own children leads to a Pareto improvement and to an increase of the total fertility rate. To show this we use an Overlapping Generation model with endogenous fertility in a small open economy.
关键词：Endogenous fertility; Pay-as-you-go pension system; OLG model