文章基本信息

标题：Multiple Equilibria between Fertility Rates and Pension Levels Based on the Target Level of Government Debt
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作者：Hideki Nakamura ; Masaya Yasuoka
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2011
卷号：1
期号：3
页码：95-98
DOI：10.4236/tel.2011.13020
出版社：Scientific Research Publishing
摘要：We show that when the government has a target debt level, multiple equilibria exist in the relationship between fertility rates and pension levels. One is associated with a high fertility rate and a high pension level. The other is associated with a low fertility rate and a low pension level. If the government fails to provide adequate security for individuals during their retirement years, it would result in a failure of coordination between the government and individuals.
关键词：Fertility; Pensions; Target Level of Government Debt; Multiple Equilibria