The effect of aging and pension on family and economic growth

• Main Authors: Lin, Hsin-Fu, 林信甫
• Other Authors: Yang, Hsiu-Ling
• Format: Others
• Language: zh-TW
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/51119313548014074767

碩士 === 國立嘉義大學 === 應用經濟學系研究所 === 98 === This paper examines how population ageing affects fertility, human capital, saving, and economic growth. We extended Ehrlich and Lui（1998）overlapping-generations model to account for elderly caring and the experiences of raising and teaching children from elder parents. In our model, we show that population aging raises the rate of fertility and saving, but lowers parental teaching time and growth rate if parents think their pensions endogenously. Further, we show that a higher PAYG social security tax rate increases parental teaching time and growth rate but lowers the rate of fertility and saving if their pensions are endogenous. We also do some empirical study to test the predictions of our model.