Children and pensions / Alessandro Cigno and Martin Werding.

Format:

Book

Author/Creator:

Cigno, Alessandro.

Contributor:

Werding, Martin.

Series:

CESifo book series.

CESifo book series

Language:

English

Subjects (All):

Family allowances.

Social security.

Family demography--Economic aspects.

Family demography.

Child welfare.

Physical Description:

xxiii, 204 p.

Edition:

1st ed.

Place of Publication:

Cambridge, MA : MIT Press, c2007.

Language Note:

English

Summary:

An analysis of the effect of public pension schemes on a country's fertility rate and a proposal for policies to reform pension coverage in light of this.The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are retirees drawing pension benefits, but the youth-to-age imbalance would significantly affect the total contributive capacity of future generations and hence their total income growth. In Children and Pensions, Alessandro Cigno and Martin Werding examine the way pension policy and child-related benefits affect fertility behavior and productivity growth. They present theoretical arguments to the effect that public pension coverage as such will reduce aggregate fertility and may raise aggregate household savings. They argue further that public pensions, as they are currently designed, discourage parents from private human capital investment in their children to improve the children's future earning capacity. After an overview of pension and child benefit policies (focusing on the European Union, Japan, and the United States), the authors offer an empirical and theoretical analysis and a simulation of the effects of the policies under discussion. Their policy proposals to address declines in fertility and productivity growth include the innovative suggestion that relates a person's pension entitlements to his or her number of children and the children's earning ability--proposing that, in effect, a person's pension could be financed in part or in full by the pensioner's own children.

Contents:

Intro

Contents

List of Figures

List of Tables

CESifo Book Series in Economic Policy

Acknowledgments

Introduction

1 Demography

2 Public Support for the Old

3 Public Support for Families and Children

4 Child-Related Elements in Public Pension Schemes

5 Life-cycle Adjustments and Intergenerational Transfers: Theory

6 Life-cycle Adjustments and ntergenerational Transfers: Evidence

7 Policy: What Ought to Be Done?

8 Policy: What Can Be Done?

Conclusion

Notes

References

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

OCLC-licensed vendor bibliographic record.

ISBN:

9786612099199

9780262307208

0262307200

9781282099197

1282099191

9780262270342

026227034X

9781435605039

1435605039

OCLC:

177217833