Pension and child care policies with endogenous fertility |
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Authors: | Masaya Yasuoka Naohisa Goto |
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Institution: | aFaculty of Economics and Business Administration, The University of Kitakyushu, 4-2-1 Kitagata Kokuraminami Kitakyushu Fukuoka 802–8577, Japan |
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Abstract: | This paper presents an examination of effects of a child allowance on fertility under a pay-as-you-go pension system. In these analyses, the child allowance is financed by taxation of two kinds: an income tax and a consumption tax. Comparative static analyses show that a child allowance financed by income tax revenues can always raise fertility. Similarly with income tax, a child allowance financed by consumption tax can always raise fertility. Furthermore, our paper presents examination of optimal child allowance and transfer for older people. |
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Keywords: | JEL classification: D10 H55 J13 J14 J18 J26 |
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