Child Benefits and Welfare for Current and Future Generations: Simulation Analyses in an Overlapping- Generations Model with Endogenous Fertility


We constructed an overlapping-generations model with endogenous fertility to analyze the effects of child benefits and pensions on the welfare of current and future generations. The following results were obtained. First, in the case without pension and accelerated fiscal reforms, the best policy to improve the welfare of future generations is to finance… (More)


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