by Dilrabo Tolipova
The main purpose of this study is to observe the changes in a demographic situation of OECD countries from the economic perspective, by analyzing, in particular, the influence of social security payments, namely pension benefits, on fertility decisions. By studying empirically the grounds for demographic structure’s changes in these countries, different policies may be introduced, to lessen the possible impacts of economic conditions on fertility. Estimation results show the clear negative impact of pension payments on fertility decisions, so as one percent rise in pensions across time and between countries, holding all other variables constant, leads to decrease in fertility rate by 0.06. Social security payments do have an effect on decisions to have a child.