Munich Personal RePEc Archive

Politics of Public Education and Pension Reform with Endogenous Fertility

Uchida, Yuki and Ono, Tetsuo (2022): Politics of Public Education and Pension Reform with Endogenous Fertility.

There is a more recent version of this item available.
[thumbnail of MPRA_paper_114543.pdf]

Download (561kB) | Preview


We demonstrate the interaction between short-lived governments’ decisions on education and pension policies and parents’ decisions on fertility in an overlapping generations growth model. Our analysis shows that increased life expectancy lowers fertility, decreases the ratio of education expenditure to GDP, and increases the ratio of pension benefits to GDP as well as per capita GDP growth rate. We also consider a reform that reduces pension benefits designed by a long-lived planner and show that the reduction is optimal from a social welfare perspective when the planner gives a large weight to future generations.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.