Pensions with Heterogenous Individuals and Endogenous Fertility
Book, Preprint, Research
- Publisher: IDEI Working Paper
B- ECONOMIE ET FINANCE | adverse selection; fertility; pensions
This paper studies the design of pension schemes in a society where fertility is endogenous and parents differ in their ability to raise children. In a world with perfect information, a pay-as-you-go social security system is characterized by equal pensions for all but ...