Maximum size of social security in a model of endogenous fertility
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説明
Social security tends to be unsustainable in nature. It reduces individuals'' demand for children as a measure to support their lifestyle during old age, which in turn undermines the financial basis of social security. Using a simple overlapping generations model with endogenous fertility and income transfer from children to parents, we discuss the maximum size of a pay-as-you-go social security program that can prevent a cumulative reduction of fertility and make a program sustainable. We also show that a child-care allowance raises the maximum size of the program and raises an individual''s lifetime utility.
収録刊行物
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- Economics Bulletin
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Economics Bulletin 29 (2), 644-654, 2009-04
Economics Bulletin
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詳細情報 詳細情報について
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- CRID
- 1050287540600853888
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- NII論文ID
- 120006929951
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- ISSN
- 15452921
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- HANDLE
- 10086/23049
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- 本文言語コード
- en
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- 資料種別
- journal article
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- データソース種別
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- IRDB
- CiNii Articles
- KAKEN