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Childcare Support and Economic Growth in an Ultra-Declining Birthrate Society

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  • Miyake, Yusuke

Abstract

This paper analyzes weather public capital investment oor childcare support maximize growth rate in an ultra-declining birthrate society using a labor augmented model with the public capital. We clarify the global stability of the private capital-public capital ratio to the steady state. In addition, we analyze the effect of increasing expenditure share of a tax revenue on the economic growth. The result of this analysis shows that increased share on the public capital investment brings the higher economic growth. This means that if all tax revenue is allocated to the public capital investment, the growth rate will be maximized.

Suggested Citation

  • Miyake, Yusuke, 2021. "Childcare Support and Economic Growth in an Ultra-Declining Birthrate Society," MPRA Paper 106432, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:106432
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    References listed on IDEAS

    as
    1. Docquier, Frederic & Paddison, Oliver & Pestieau, Pierre, 2007. "Optimal accumulation in an endogenous growth setting with human capital," Journal of Economic Theory, Elsevier, vol. 134(1), pages 361-378, May.
    2. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, March.
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    More about this item

    Keywords

    Public capital investment・ Childcare support・ Income tax・ Economic growth;

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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