6 Pages Posted: 3 Dec 2007
Public pay-as-you-go pension systems induce low fertility rates, which in turn contribute to the insolvency of those very systems. They have replaced the old-age security motive for having children, which is a major factor behind fertility in their absence. They also penalize fertility by externalizing the contributions of children while leaving the costs of child-bearing unaffected. Fertility rates could be raised by moving towards personal savings schemes or re-linking pension benefits to fertility.
Suggested Citation: Suggested Citation
Juurikkala, Oskari, Pensions, Fertility and Families. Economic Affairs, Vol. 27, Issue 4, pp. 52-57, December 2007. Available at SSRN: https://ssrn.com/abstract=1044351 or http://dx.doi.org/10.1111/j.1468-0270.2007.00781.x
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