Ageing, fertility, and growth

This paper analyses the interaction between human capital accumulation, fertility, and labour participation of families in the presence of technology shocks. Altruistic families spend time on the education of their children to increase their level of human capital. Compensating transfers through neg...

Full description

Saved in:
Bibliographic Details
Published in:Journal of public economics 2005-06, Vol.89 (5), p.1075-1095
Main Authors: Alders, Peter, Broer, D. Peter
Format: Article
Language:English
Subjects:
Ageing
Altern
Altruism
Altruismus
Bequests
Bevölkerung
Bevölkerungsentwicklung
Bildungsinvestition
Erbschaft
Fertility
Fruchtbarkeit
Human capital
Investition
Pensions
Theorie
Umlagefinanzierung
Überalterung
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This paper analyses the interaction between human capital accumulation, fertility, and labour participation of families in the presence of technology shocks. Altruistic families spend time on the education of their children to increase their level of human capital. Compensating transfers through negative bequests are blocked by an active bequest constraint. Productivity shocks increase the opportunity costs of children and may cause a drop in fertility, which results in population ageing. We investigate the effects of ageing on allocation and welfare in the presence of a Pay-As-You-Go (PAYG) pension system.
ISSN:0047-2727
1879-2316
DOI:10.1016/j.jpubeco.2004.06.001