Child rearing subsidies and fertility in small open economies with life uncertainty
AbstractWe examine how subsidy policies to support child-rearing affect the fertility rate in a standard OLG small open economy with life uncertainty and involuntary bequests. It is shown the counter-intuitive result that increasing the child grant may actually reduce the long-run fertility rate.
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Bibliographic InfoPaper provided by Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy in its series Discussion Papers with number 2012/148.
Date of creation: 01 Sep 2012
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-03 (All new papers)
- NEP-DEM-2012-11-03 (Demographic Economics)
- NEP-DGE-2012-11-03 (Dynamic General Equilibrium)
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