New pension system and improvement of fertility in the overlapping generations model

Noguchi, Soma (2025): New pension system and improvement of fertility in the overlapping generations model.

Abstract

This study examines a new pension system in which pension benefits increase in proportion to the number of children. We demonstrate that transitioning to this new pension system can be achieved as a Pareto improvement. Additionally, we show that under certain conditions, the population may not decline within this system.

• Item Type: MPRA Paper
• Language: English
• Keywords: OLG, fertility, PAYG, pension, population.
• Subjects: D - Microeconomics > D9 - Intertemporal Choice > D91 - Intertemporal Household Choice ; Life Cycle Models and Saving; H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions; J - Labor and Demographic Economics > J1 - Demographic Economics > J13 - Fertility ; Family Planning ; Child Care ; Children ; Youth

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