Meier V, Wrede M (2010)
Publication Language: English
Publication Type: Journal article
Publication year: 2010
Publisher: Cambridge University Press (CUP)
Book Volume: 9
Pages Range: 75 – 93
DOI: 10.1017/S147474720800365X
A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and education, we discuss internalization policies associated with child benefits in the pension formula. The second-best scheme displays both a benefit contingent on the contributions of children and a purely fertility-related component. Copyright © 2008 Cambridge University Press.
APA:
Meier, V., & Wrede, M. (2010). Pensions, Fertility, and Education. Journal of Pension Economics & Finance, 9, 75 – 93. https://doi.org/10.1017/S147474720800365X
MLA:
Meier, Volker, and Matthias Wrede. "Pensions, Fertility, and Education." Journal of Pension Economics & Finance 9 (2010): 75 – 93.
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