Hans-Werner Sinn
De Economist 153, 2005, S. 1-45, Authorised Abstract; Preliminary Version.
Summary
This paper considers the economic implications of the stalling birth rates and demographic development in Europe. To remedy for this it proposes a child pension system. This system allowsadditional pension facilities depending on the number of children raised. It should be a PAYGpension financed with an income tax. The main motivation for this is that parents have invested resources which also benefit society.
Keywords
pension system, birth rate, human capital, demography
Preliminary Version (PDF, 224 KB)223.91 KB