Related Experiment Videos
Public pensions, family allowances and endogenous demographic change
Abstract:
"A tax-transfer system deals with redistribution a PAYGmong generations and corrective taxation a PAYGt the same time. Since such a policy is a government's task, we take a normative approach and pose the question: Which tax-transfer system should a government apply to maximize social welfare? The framework we consider allows for endogenous demographic aspects...: first, fertility has a great impact on a PAYG [pay-as-you-go] financed pension insurance; and second, through education human capital is accumulated.... We analyzed the optimal extent of a public pension scheme in the presence of external effects of fertility and education on the net domestic product." Pension schemes in Germany and the United States are compared.
Related Concept Videos
Population Growth
Modeling with Differential Equations
Applications of Life Tables
Distributions to Estimate Population Parameter
Conservation of Declining Populations
Energy Budgets and Reproductive Strategies