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Endogenous fertility, family policy and multiple equilibria

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  • Luca Gori

Abstract

In this paper we assess the role of direct monetary transfers to the benefit of households in raising children in a textbook Diamond (1965) style overlapping generations model. In particular, we examine how both the dynamics of capital and fertility of households are connected to a specific balanced budget policy to support child-rearing. We found that when the child allowance is higher than the fixed cost to children multiple equilibria are possible. As regards fertility, it is shown that increasing the child grant at too high a level may actually reduce the long-run population growth rate.

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Bibliographic Info

Paper provided by Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy in its series Discussion Papers with number 2009/79.

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Date of creation: 01 Feb 2009
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Handle: RePEc:pie:dsedps:2009/79

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Keywords: Childcare Policy; Endogenous fertility; Multiple equilibria; OLG model;

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References

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Cited by:
  1. Luciano Fanti & Luca Gori, 2009. "Endogenous lifetime in an overlapping generations small open economy," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy 2009/92, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  2. Luciano Fanti & Luca Gori, 2009. "Endogenous fertility, endogenous lifetime and economic growth: the role of health and child policies," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy 2009/91, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  3. Manuela Gussoni - Andrea Mangani, 2009. "The impact of public funding for innovation on firms' R&D investments: Do R&D cooperation and appropriability matter?," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy 2009/90, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.

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