TY  - RPRT
        AU  - Cipriani, Giam Pietro
AU  - Pascucci, Francesco
        TI  - Pension Policies in a Model with Endogenous Fertility
        PY  - 2018/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 11511
        UR  - https://www.iza.org/publications/dp11511
        AB  - We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as increasing the retirement age or changing the social security contribution rate could have undesired general equilibrium effects. In particular, both policies decrease capital per worker and might have negative effects on the fertility rate, thus exacerbating population ageing.
        KW  - overlapping generations
KW  - pension policies
KW  - endogenous fertility
KW  - ageing
        ER  -