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Child rearing subsidies and fertility in small open economies with life uncertainty

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  • Luciano Fanti

Abstract

We 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.

Suggested Citation

  • Luciano Fanti, 2012. "Child rearing subsidies and fertility in small open economies with life uncertainty," Discussion Papers 2012/148, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    • Handle: RePEc:pie:dsedps:2012/148
    Note: ISSN 2039-1854
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    File URL: https://www.ec.unipi.it/documents/Ricerca/papers/2012-148.pdf
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