Pensions, fertility, and education

Meier, Volker; Wrede, Matthias

doi:10.1017/s147474720800365x

Cited by 23 publications

(18 citation statements)

References 28 publications

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“…Our paper is closely related to Peters (1995) and Meier and Wrede (2010). Peters (1995) sets an endogenous fertility and education investment model with pay-as-you-go pension and examines the tax policy and subsidy policy for children to achieve welfare maximizing solution.…”

Section: Related Literaturementioning

confidence: 99%

“…Moreover, our paper examines whether the policies can bring about Pareto improving or not. Meier and Wrede (2010) consider the pension incentive policy as the policy to raise the fertility and the education investment and derives how the pension incentive policy affects the fertility and the education investment. In addition, first best solution and second best solution are derived.…”

Section: Related Literaturementioning

confidence: 99%

“…Our paper considers the consumption tax to finance the tax revenue. Peters (1995) and Meier and Wrede (2010) consider the income tax and lump-sum tax. However, in an aging society, the consumption tax should be considered because of intergenerational inequality.…”

Section: Related Literaturementioning

confidence: 99%

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Are the social security benefits of pensions or child-care policies best financed by a consumption tax?

Jinno¹,

Yasuoka²

2016

BEH

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Our paper sets an endogenous fertility model and examines how tax revenues derived from a consumption tax should be used for social security benefits such as pension and child-care policies. An additional pension financed by a consumption tax can achieve Pareto-improving allocations. Child allowances and an education subsidy decrease the older generation's utility because of tax burdens and the lack of additional benefit. Even if child allowances can raise the share of young people in society and some future generation's utility, that future generation's utility decreases because of a decrease in income growth. However, with certain parametric conditions, an education subsidy can raise every generation's utility, except for that of the older generation, because of the increase in income growth.JEL Classification: H55, I20, J13, H20

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Section: Related Literaturementioning

confidence: 99%

Section: Related Literaturementioning

confidence: 99%

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Are the social security benefits of pensions or child-care policies best financed by a consumption tax?

Jinno¹,

Yasuoka²

2016

BEH

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“…They interfere with market-based arrangements based on savings, loans and insurance no less than with traditional arrangements mainly based on transactions within the family. In fact, public pay-as-you-go schemes providing for the old are mimicking the logic of these intra-family arrangements, allowing to insure against unfortunate outcomes of investment in education (see Meier and Wrede, 2010); yet, they do so in an imperfect way (Cigno, 1993). At the same time, they are actually funded, viz.…”

Section: Iv3 Outlook: Re-organising the System Of Intergenerational mentioning

confidence: 99%

Ageing and the welfare state: securing sustainability

Meier¹,

Werding²

2010

Oxford Review of Economic Policy

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening actuarial fairness, modifying indexation rules, adding elements of prefunding and, last but not least, attempting to extend the period of economic activity. Efforts to contain costs may also be relevant with regard to public expenditure on health and long-term care but, thus far, no country has started to really deal with these issues. Still, some countries have made substantial progress in securing the long-term sustainability of their welfare systems. What remains to be considered is re-constructing the system of intergenerational transactions as a potential way of removing disincentives to raise children and invest in their human capital in the long run. Terms of use: Documents inJEL-Code: H50, H68, J11.

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“…On the other hand, another strand of literature has been focusing on the optimal population growth rate (Samuelson 1975, Deardorff 1976and, more recently, Jaeger and Kuhle 2009and Renström and Spataro 2010) and on the role of endogenous fertility on optimal welfare state design (in particular social security, see, for example, Cigno and Rosati 1992, Zhang and Nishimura 1992and 1993, Cremer, Gahvari and Pestieau 2006, Yew and Zhang 2009, Meier and Wrede 2010.…”

Section: Introductionmentioning

confidence: 99%

Optimal taxation, critical-level utilitarianism and economic growth

Spataro

Renström

2012

Journal of Public Economics

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Pensions, fertility, and education

Cited by 23 publications

References 28 publications

Are the social security benefits of pensions or child-care policies best financed by a consumption tax?

Are the social security benefits of pensions or child-care policies best financed by a consumption tax?

Ageing and the welfare state: securing sustainability

Optimal taxation, critical-level utilitarianism and economic growth

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