Social security in a non-altruistic model with uncertainty and endogenous fertility

• 成果类型: Article
• 署名作者: Rosati, FC
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/0047-2727(95)01513-2
• 发表日期: 1996
• 页码: 283-294
• 关键词: Social Security; fertility; inter-generational transfers

摘要

The effect of social security on fertility and saving is analyzed within a non-altruistic model of intergenerational transfers, both in the absence and in the presence of a perfect capital market. Fertility is reduced by a budget balanced increase in social security if the individuals have a high degree of risk aversion. Savings are unambiguously increased by an expansion of social security, while the effect of a deficit-financed expansion of the social security system on saving and fertility depends on the characteristics of the policy package considered.