Journal article

Pensions, Fertility, and Education

Publication Details
Author(s): Meier V, Wrede M
Publisher: Cambridge University Press (CUP)
Publication year: 2010
Volume: 9
Pages range: 75 – 93
ISSN: 1474-7472
Language: English


A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and education, we discuss internalization policies associated with child benefits in the pension formula. The second-best scheme displays both a benefit contingent on the contributions of children and a purely fertility-related component. Copyright © 2008 Cambridge University Press.

How to cite
APA: Meier, V., & Wrede, M. (2010). Pensions, Fertility, and Education. Journal of Pension Economics & Finance, 9, 75 – 93.

MLA: Meier, Volker, and Matthias Wrede. "Pensions, Fertility, and Education." Journal of Pension Economics & Finance 9 (2010): 75 – 93.

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