Pay-as-you-go social security and educational subsidy in an overlapping generations model with endogenous fertility and endogenous retirement
Author
Suggested Citation
Download full text from publisher
Other versions of this item:
- Chen Hung-Ju & Miyazaki Koichi, 2022. "Pay-as-You-Go Social Security and Educational Subsidy in an Overlapping Generations Model with Endogenous Fertility and Endogenous Retirement," The B.E. Journal of Macroeconomics, De Gruyter, vol. 22(2), pages 787-820, June.
References listed on IDEAS
- Hung‐Ju Chen, 2018. "Fertility, retirement age, and pay‐as‐you‐go pensions," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 20(6), pages 944-961, December.
- Philippe Michel & Pierre Pestieau, 2013.
"Social Security And Early Retirement In An Overlapping-Generations Growth Model,"
Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 723-737, November.
- MICHEL, Philippe & PESTIEAU, Pierre, 1999. "Social security and early retirement in an overlapping-generations growth model," LIDAM Discussion Papers CORE 1999051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- MICHEL, Philippe & PESTIEAU, Pierre, 2013. "Social security and early retirement in an overlapping-generations growth model," LIDAM Reprints CORE 2624, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994.
"Human Capital, Fertility, and Economic Growth,"
NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 323-350,
National Bureau of Economic Research, Inc.
- Becker, Gary S & Murphy, Kevin M & Tamura, Robert, 1990. "Human Capital, Fertility, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 12-37, October.
- Gary S. Becker & Kevin M. Murphy & Robert Tamura, "undated". "Human Capital, Fertility, and Economic Growth," University of Chicago - Population Research Center 90-5a, Chicago - Population Research Center.
- Gary S. Becker & Kevin M. Murphy & Robert F. Tamura, 1990. "Human Capital, Fertility, and Economic Growth," NBER Working Papers 3414, National Bureau of Economic Research, Inc.
- Miyazaki, Koichi, 2014.
"Optimal pay-as-you-go social security when retirement is endogenous and labor productivity depreciates,"
MPRA Paper
61166, University Library of Munich, Germany.
- Miyazaki, Koichi, 2015. "Optimal pay-as-you-go social security with endogenous retirement," MPRA Paper 68077, University Library of Munich, Germany.
- Robert Fenge & Pierre Pestieau, 2005. "Social Security and Early Retirement," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262062496, April.
- Sagiri Kitao, 2014.
"Sustainable Social Security: Four Options,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 756-779, October.
- Sagiri Kitao, 2011. "Sustainable social security: four options," Staff Reports 505, Federal Reserve Bank of New York.
- Sagiri Kitao, 2013. "Code files for "Sustainable Social Security: Four Options"," Computer Codes 12-251, Review of Economic Dynamics.
- David de la Croix & Matthias Doepke, 2003.
"Inequality and Growth: Why Differential Fertility Matters,"
American Economic Review, American Economic Association, vol. 93(4), pages 1091-1113, September.
- DE LA CROIX, David & DOEPKE, Matthias, 2001. "Inequality and Growth : Why Differential Fertility Matters," LIDAM Discussion Papers IRES 2001008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- DE LA CROIX, David & DOEPKE, Matthias, 2003. "Inequality and growth: why differential fertility matters," LIDAM Reprints CORE 1676, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- David de la Croix & Matthias Doepke, 2001. "Inequality and Growth: Why Differential Fertility Matters," UCLA Economics Working Papers 803, UCLA Department of Economics.
- Momota, Akira, 2003. "A retirement decision in the presence of a social security system," Journal of Macroeconomics, Elsevier, vol. 25(1), pages 73-86, March.
- Hung-ju Chen & Koichi Miyazaki, 2020.
"Labor productivity, labor supply of the old, and economic growth,"
Economics Bulletin, AccessEcon, vol. 40(1), pages 277-285.
- Chen, Hung-Ju & Miyazaki, Koichi, 2019. "Labor productivity, labor supply of the old, and economic growth," MPRA Paper 97372, University Library of Munich, Germany.
- Lans Bovenberg, A. & Jacobs, Bas, 2005.
"Redistribution and education subsidies are Siamese twins,"
Journal of Public Economics, Elsevier, vol. 89(11-12), pages 2005-2035, December.
- Bovenberg, A.L. & Jacobs, B., 2001. "Redistribution and Education Subsidies are Siamese Twins," Other publications TiSEM 1309589e-a7d2-4ad6-ab7b-1, Tilburg University, School of Economics and Management.
- Bovenberg, A.L. & Jacobs, B., 2001. "Redistribution and Education Subsidies are Siamese Twins," Discussion Paper 2001-82, Tilburg University, Center for Economic Research.
- Bovenberg, Lans & Jacobs, Bas, 2001. "Redistribution and Education Subsidies are Siamese Twins," CEPR Discussion Papers 3099, C.E.P.R. Discussion Papers.
- A. Lans Bovenberg & Bas Jacobs, 2005. "Redistribution and Education Subsidies are Siamese Twins," Tinbergen Institute Discussion Papers 05-036/3, Tinbergen Institute.
- Chen Hung-Ju & Miyazaki Koichi, 2018. "Fertility and labor supply of the old with pay-as-you-go pension and child allowances," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(1), pages 1-19, January.
- Kaganovich, Michael & Zilcha, Itzhak, 1999.
"Education, social security, and growth,"
Journal of Public Economics, Elsevier, vol. 71(2), pages 289-309, February.
- Kaganovich, M & Zilcha, I, 1997. "Education, Social Security and Growth," Papers 1-97, Tel Aviv.
- Alessandro Cigno & Martin Werding, 2007. "Children and Pensions," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262033690, April.
- Cipriani, Giam Pietro & Fioroni, Tamara, 2021.
"Endogenous Demographic Change, Retirement, And Social Security,"
Macroeconomic Dynamics, Cambridge University Press, vol. 25(3), pages 609-631, April.
- Cipriani, Giam Pietro & Fioroni, Tamara, 2019. "Endogenous Demographic Change, Retirement and Social Security," IZA Discussion Papers 12244, Institute of Labor Economics (IZA).
- Zhang, Jie & Casagrande, Richard, 1998. "Fertility, growth, and flat-rate taxation for education subsidies," Economics Letters, Elsevier, vol. 60(2), pages 209-216, August.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Hu, Sheng Cheng, 1979. "Social Security, the Supply of Labor, and Capital Accumulation," American Economic Review, American Economic Association, vol. 69(3), pages 274-283, June.
- Cipriani, Giam Pietro, 2018.
"Aging, Retirement, And Pay-As-You-Go Pensions,"
Macroeconomic Dynamics, Cambridge University Press, vol. 22(5), pages 1173-1183, July.
- Cipriani, Giam Pietro, 2016. "Aging, Retirement and Pay-As-You-Go Pensions," IZA Discussion Papers 9969, Institute of Labor Economics (IZA).
- Miyazaki, Koichi, 2019.
"Optimal Pay-As-You-Go Social Security With Endogenous Retirement,"
Macroeconomic Dynamics, Cambridge University Press, vol. 23(2), pages 870-887, March.
- Miyazaki, Koichi, 2015. "Optimal pay-as-you-go social security with endogenous retirement," MPRA Paper 68077, University Library of Munich, Germany.
- Berthold U. Wigger, 1999. "Public Pensions and Growth," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 56(2), pages 241-241, June.
- Chen, Hung-Ju, 2015. "Child allowances, educational subsidies and occupational choice," Journal of Macroeconomics, Elsevier, vol. 44(C), pages 327-342.
- Koichi Miyazaki, 2013. "Pay-as-you-go social security and endogenous fertility in a neoclassical growth model," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(3), pages 1233-1250, July.
- Jie Zhang, 1997. "Fertility, Growth, and Public Investments in Children," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 835-843, November.
- Berthold U. Wigger, 1999. "Pay-as-you-go financed public pensions in a model of endogenous growth and fertility," Journal of Population Economics, Springer;European Society for Population Economics, vol. 12(4), pages 625-640.
- Chen Hung-Ju & Miyazaki Koichi, 2018.
"Fertility and labor supply of the old with pay-as-you-go pension and child allowances,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(1), pages 1-19, January.
- Chen Hung-Ju & Miyazaki Koichi, 2018. "Fertility and labor supply of the old with pay-as-you-go pension and child allowances," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(1), pages 1-19, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Chen, Hung-Ju & Huang, Shang-Chieh & Miyazaki, Koichi, 2024. "Life expectancy, fertility, and retirement in an endogenous-growth model with human capital accumulation," Economic Modelling, Elsevier, vol. 130(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jaimes, Richard & Westerhout, Ed, 2023.
"Optimal policies in an ageing society,"
The Journal of the Economics of Ageing, Elsevier, vol. 26(C).
- Jaimes Bonilla, Richard & Westerhout, Ed, 2022. "Optimal Policies in an Aging Society," Discussion Paper 2022-015, Tilburg University, Center for Economic Research.
- Jaimes Bonilla, Richard & Westerhout, Ed, 2022. "Optimal Policies in an Aging Society," Other publications TiSEM 185977e9-a0d8-447c-bf10-f, Tilburg University, School of Economics and Management.
- Chen, Hung-Ju & Huang, Shang-Chieh & Miyazaki, Koichi, 2024. "Life expectancy, fertility, and retirement in an endogenous-growth model with human capital accumulation," Economic Modelling, Elsevier, vol. 130(C).
- Cipriani, Giam Pietro & Fioroni, Tamara, 2024.
"Human capital and pensions with endogenous fertility and retirement,"
Macroeconomic Dynamics, Cambridge University Press, vol. 28(2), pages 478-494, March.
- Cipriani, Giam Pietro & Fioroni, Tamara, 2023. "Human Capital and Pensions with Endogenous Fertility and Retirement," IZA Discussion Papers 16029, Institute of Labor Economics (IZA).
- Hirono, Makoto & Mino, Kazuo, 2019.
"Pension, Retirement, and Growth in the Presence Heterogeneous Elderly,"
MPRA Paper
98096, University Library of Munich, Germany.
- Makoto Hirono & Kazuo Mino, 2019. "Pension, Retirement, and Growth in the Presence Heterogeneous Elderly," KIER Working Papers 1010, Kyoto University, Institute of Economic Research.
- Hirono, Makoto & Mino, Kazuo, 2020. "Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model," MPRA Paper 102467, University Library of Munich, Germany.
- Masatoshi Jinno & Masaya Yasuoka, 2016.
"Are the social security benefits of pensions or child-care policies best financed by a consumption tax?,"
Business and Economic Horizons (BEH), Prague Development Center, vol. 12(3), pages 94-112, September.
- Jinno, Masatoshi & Yasuoka, Masaya, 2016. "Are the social security benefits of pensions or child-care policies best financed by a consumption tax?," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 12(3).
- Jinno, Masatoshi & Yasuoka, Masaya, 2016. "Are the social security benefits of pensions or child-care policies best financed by a consumption tax?," MPRA Paper 75652, University Library of Munich, Germany.
- Masaya Yasuoka, 2018. "Fertility and education investment incentive with a pay-as-you-go pension," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(1), pages 37-50, April.
- Cigno, A., 2016.
"Conflict and Cooperation Within the Family, and Between the State and the Family, in the Provision of Old-Age Security,"
Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 609-660,
Elsevier.
- Alessandro Cigno, 2014. "Conflict and Cooperation within the Family, and between the State and the Family, in the Provision of Old-Age Security," CHILD Working Papers Series 22, Centre for Household, Income, Labour and Demographic Economics (CHILD) - CCA.
- Hung-ju Chen & Koichi Miyazaki, 2020.
"Labor productivity, labor supply of the old, and economic growth,"
Economics Bulletin, AccessEcon, vol. 40(1), pages 277-285.
- Chen, Hung-Ju & Miyazaki, Koichi, 2019. "Labor productivity, labor supply of the old, and economic growth," MPRA Paper 97372, University Library of Munich, Germany.
- Tran, Quang-Thanh, 2022.
"The aging tax on potential growth in Asia,"
Journal of Asian Economics, Elsevier, vol. 81(C).
- Tran Quang-Thanh, 2022. "The Aging Tax on Potential Growth in Asia," TUPD Discussion Papers 14, Graduate School of Economics and Management, Tohoku University.
- Chen, Hung-Ju, 2016. "Fertility, Retirement Age, and PAYG Pensions," MPRA Paper 69819, University Library of Munich, Germany.
- Cipriani, Giam Pietro & Fioroni, Tamara, 2022.
"Social security and endogenous demographic change: child support and retirement policies,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 21(3), pages 307-325, July.
- Cipriani, Giam Pietro & Fioroni, Tamara, 2021. "Social Security and Endogenous Demographic Change: Child Support and Retirement Policies," IZA Discussion Papers 14018, Institute of Labor Economics (IZA).
- Nguyen, Quynh-Nga, 2024. "Intergenerational time transfer, retirement and public pensions," The Journal of the Economics of Ageing, Elsevier, vol. 27(C).
- Peter J. Stauvermann & Jin Hu, 2018. "What can China Expect from an Increase of the Mandatory Retirement Age?," Annals of Economics and Finance, Society for AEF, vol. 19(1), pages 229-246, May.
- Wei-Bin Zhang, 2014. "Endogenous population with human and physical capital accumulation," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 61(3), pages 231-252, September.
- Cipriani, Giam Pietro & Fioroni, Tamara, 2021.
"Endogenous Demographic Change, Retirement, And Social Security,"
Macroeconomic Dynamics, Cambridge University Press, vol. 25(3), pages 609-631, April.
- Cipriani, Giam Pietro & Fioroni, Tamara, 2019. "Endogenous Demographic Change, Retirement and Social Security," IZA Discussion Papers 12244, Institute of Labor Economics (IZA).
- Ko Shakuno, 2014. "Public education, endogenous fertility and economic growth," TERG Discussion Papers 319, Graduate School of Economics and Management, Tohoku University.
- Masaya Yasuoka, 2013. "Can Child-Care Support Policies Halt Decreasing Fertility?," International Journal of Economics and Financial Issues, Econjournals, vol. 3(2), pages 409-419.
- Peter J. Stauvermann & Ronald R. Kumar, 2016. "Sustainability of A Pay-as-you-Go Pension System in A Small Open Economy with Ageing, Human Capital and Endogenous Fertility," Metroeconomica, Wiley Blackwell, vol. 67(1), pages 2-20, February.
- Tim Buyse & Freddy Heylen & Renaat Van de Kerckhove, 2013.
"Pension reform, employment by age, and long-run growth,"
Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(2), pages 769-809, April.
- Tim BUYSE & Freddy HEYLEN & Renaat VAN DE KERCKHOVE, 2011. "Pension reform, employment by age and long-run growth," LIDAM Discussion Papers IRES 2011025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
More about this item
Keywords
Pay-as-you-go social security; educational subsidy; fertility; endogenous retirement; GDP per capita growth rate;All these keywords.
JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGE-2021-12-06 (Economics of Ageing)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:110626. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.