title: Public pensions, family allowances and endogenous demographic change.
abstract: "A tax-transfer system deals with redistribution a PAYGmong generations and corrective taxation a PAYGt the same time.  Since such a policy is a government's task, we take a normative approach and pose the question: Which tax-transfer system should a government apply to maximize social welfare? The framework we consider allows for endogenous demographic aspects...:  first, fertility has a great impact on a PAYG [pay-as-you-go] financed pension insurance; and second, through education human capital is accumulated.... We analyzed the optimal extent of a public pension scheme in the presence of external effects of fertility and education on the net domestic product." Pension schemes in Germany and the United States are compared.
mesh_terms: D000385:Aid to Families with Dependent Children; D000569:Americas; D003710:Demography; D019049:Developed Countries; D004467:Economics; D004493:Education; D005060:Europe; D016656:Family Planning Policy; D005298:Fertility; D005376:Financial Management; D005858:Germany; D006280:Health Workforce; D007182:Income; D009656:North America; D009826:Old Age Assistance; D011153:Population; D011157:Population Dynamics; D011640:Public Policy; D012946:Social Welfare; D012959:Socioeconomic Factors; D013660:Taxes; D014481:United States
keywords: Americas; Demographic Factors; Developed Countries; Economic Factors; Education; Europe; Family Allowances; Family Policy; Fertility; Financial Activities; Germany; Human Capital; Human Resources; Income; Income Distribution; Intergenerational Transfers; Microeconomic Factors; North America; Northern America; Old Age Security; Policy; Population; Population Dynamics; Social Policy; Social Welfare; Socioeconomic Factors; Taxation; United States; Western Europe