The Value of Children and Immigrants in a Pay-as-you-go Pension System: A Proposal for a Transition to a Funded System

Hans-Werner Sinn

ifo Studien 47 (1), 2001, pp. 77-94, CES Working Paper No. 141, September 1997, NBER Working Paper No. 6229, October 1997, CEPR Discussion Paper No. 1734, November 1997, Invited Paper for the Annual Congress of the EEA in Toulouse, August 1997.