Endogenous Fertility, Pension Programs and Intergenerational Welfare
作者： J. Ignacio Conde-Ruiz , Eduardo L. Giménez , Mikel Pérez-Nievas
DOI: 10.1016/S1474-6670(17)33057-4
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摘要: Abstract This paper shows that the existence of a technology or any kind commitment which allow agents to transfer wealth future accounts for fertility control. If only an intra-family market exists, equilibrium rate is higher than when simple welfare state financial markets are introduced. Therefore introduction pension programs both decreases and, subsequently, puts sustainability in trouble.
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