Komura, Mizuki
Pay-as-you-go pension, bargaining power and fertility / Mizuki Komura and Hikaru Ogawa .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
The effects of pension policies on fertility have been examined in the overlapping-generations (OLG) model of the unitary household in which no heterogeneity exists between
wife and husband. This study departs from the OLG model to focus on marital bargaining arising from heterogeneity in a nonunitary model. Specifically, this paper examines
how pension policies affect the fertility of a bargaining couple with different life spans. The analysis reveals a new channel from pension policies to fertility decisions, whereby an increase in pension size affects fertility not only via the changes in current
and future income but also through a change in marital bargaining power. This result suggests that an increase in a pay-as-you-go pension may induce a negative effect on fertility through women’s empowerment.
PENSIONES DE JUBILACIÓN
ESPERANZA DE VIDA
FERTILIDAD
MATRIMONIO
MODELOS ECONOMETRICOS
Ogawa, Hikaru
FinanzArchiv 0015-2218 v. 74, n. 2, June 2018, p. 235-259
Pay-as-you-go pension, bargaining power and fertility / Mizuki Komura and Hikaru Ogawa .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
The effects of pension policies on fertility have been examined in the overlapping-generations (OLG) model of the unitary household in which no heterogeneity exists between
wife and husband. This study departs from the OLG model to focus on marital bargaining arising from heterogeneity in a nonunitary model. Specifically, this paper examines
how pension policies affect the fertility of a bargaining couple with different life spans. The analysis reveals a new channel from pension policies to fertility decisions, whereby an increase in pension size affects fertility not only via the changes in current
and future income but also through a change in marital bargaining power. This result suggests that an increase in a pay-as-you-go pension may induce a negative effect on fertility through women’s empowerment.
PENSIONES DE JUBILACIÓN
ESPERANZA DE VIDA
FERTILIDAD
MATRIMONIO
MODELOS ECONOMETRICOS
Ogawa, Hikaru
FinanzArchiv 0015-2218 v. 74, n. 2, June 2018, p. 235-259