Should day care be subsidized?
Abstract
In an economy with distortionary taxes on labor, can subsidies on day care, financed by an increase in taxes, raise welfare by encouraging women with small children to work? We show, within a heterogeneous-agent life-cycle framework, that the Ramsey optimal policy consists in equalizing consumption/leisure wedges over the life cycle and across agents. A simple way to implement this is to make day care expenses tax deductible. Calibrating our model to Germany, we find that tax deductibility for day care expenses leads to an approximate doubling of labor supply for both married and single mothers with small children. The overall welfare gain from optimal reform corresponds to a 1.0 percent increase in consumption.Download Info
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Paper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 0729.Length: 43 pages
Date of creation: 11 Jun 2010
Date of revision:
Handle: RePEc:hhs:hastef:0729
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Related research
Keywords: Female labor force participation; Germany; day care subsidies;Other versions of this item:
- Paul Klein & David Domeij, 2008. "Should daycare be subsidized?," 2008 Meeting Papers 750, Society for Economic Dynamics.
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-07-03 (All new papers)
- NEP-DGE-2010-07-03 (Dynamic General Equilibrium)
- NEP-LAB-2010-07-03 (Labour Economics)
- NEP-MAC-2010-07-03 (Macroeconomics)
- NEP-REG-2010-07-03 (Regulation)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- C. Katharina Spieß, 2011. "Vereinbarkeit von Familie und Beruf – wie wirksam sind deutsche „Care Policies“?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 12(s1), pages 4-27, 05.
- Bick, Alexander, 2010.
"The quantitative role of child care for female labor force participation and fertility,"
MPRA Paper
25474, University Library of Munich, Germany.
- Bick, Alexander, 2011. "The quantitative role of child care for female labor force participation and fertility," MPRA Paper 31713, University Library of Munich, Germany.
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