@article{oai:nagoya.repo.nii.ac.jp:00016287,
 author = {Ogawa, Hikaru and Komura, Mizuki},
 issue = {E13-3},
 journal = {Economic Research Center Discussion Paper},
 month = {Apr},
 note = {The effects of pension policy on fertility have been examined in the overlapping generation (OLG) model of unitary household in which no heterogeneity between wife and husband exists. This paper departs from the OLG model and focuses on the marital bargaining arising from the heterogeneity in a couple in a non-unitary model. Specifically, this paper examines how the pension policy affects the endogenous fertility of a bargaining couple who have different lifespans. The analysis finds out a new channel of pension policy on fertility decisions: an increase in pension size affects fertility not only via the changes in current and future income, but through a change in marital bargaining power. This channel leads a plausible argument that an increase in a pay-as-you-go (PAYG) pension further accelerates a decline in fertility through the empowerment of women.},
 title = {Pension and the Family},
 year = {2013}
}