Abstract.
Investigating the effects of population aging on fertility and economic growth, we show that an increase in life expectancy lowers the fertility rate and raises life-cycle savings, and that a pay-as-you-go social security does not reverse the effect on fertility.
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Received: 10 March 2000/Accepted: 28 April 2000
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Yakita, A. Uncertain lifetime, fertility and social security. J Popul Econ 14, 635–640 (2001). https://doi.org/10.1007/s001480000049
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DOI: https://doi.org/10.1007/s001480000049