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Fertility rate and child care policies in a pension system æ

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  • Masaya Yasuoka
  • Atsushi Miyake

Abstract

This paper presents an examination of two child-care policiesóa child allowance and a subsidy for education investmentóand demonstrates how each policy affects fertility and the human-capital growth rate. This paper presents the following results. A child allowance decreases the human-capital growth rate. However, a child allowance does not always increase fertility. Moreover, a subsidy for education investment increases the human-capital growth rate. However, a subsidy for education investment can raise fertility based on parametric conditions. Results of our analyses underscore the importance of considering additional effects of a pension system when providing child-care policies.

Suggested Citation

  • Masaya Yasuoka & Atsushi Miyake, 2014. "Fertility rate and child care policies in a pension system æ," Economic Analysis and Policy, Elsevier, vol. 44(1), pages 122-127.
    • Handle: RePEc:eee:ecanpo:v:44:y:2014:i:1:p:122-127
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    Cited by:

    1. Masatoshi Jinno & Masaya Yasuoka, 2016. "Are the social security benefits of pensions or child-care policies best financed by a consumption tax?," Business and Economic Horizons (BEH), Prague Development Center, vol. 12(3), pages 94-112, September.
    2. Ishida, Ryo & Oguro, Kazumasa & Yasuoka, Masaya, 2018. "Population density, fertility, and childcare services from the perspective of a two-region overlapping generations model," Economic Analysis and Policy, Elsevier, vol. 59(C), pages 29-39.
    3. Salari, Mahmoud, 2018. "The impact of intergenerational cultural transmission on fertility decisions," Economic Analysis and Policy, Elsevier, vol. 58(C), pages 88-99.
    4. Peter J. Stauvermann & Frank Wernitz, 2019. "Why Child Allowances Fail to Solve the Pension Problem of Aging Societies," Economies, MDPI, vol. 7(4), pages 1-16, December.
    5. Miyake, Atsushi & Yasuoka, Masaya, 2016. "Public Education and Child-Care Policies with Pay-As-You-Go Pension," MPRA Paper 75315, University Library of Munich, Germany.
    6. Masaya Yasuoka, 2013. "Can Child-Care Support Policies Halt Decreasing Fertility?," International Journal of Economics and Financial Issues, Econjournals, vol. 3(2), pages 409-419.
    7. Masaya Yasuoka, 2018. "Fertility, Income Growth and Inflation," Discussion Paper Series 182, School of Economics, Kwansei Gakuin University, revised Jul 2018.

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