Subsidy policies in a fertility choice model |
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Authors: | Manuel A Gómez |
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Institution: | 1. University of A Coru?a, Spain
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Abstract: | This paper compares the effects that a subsidy to health expenditure or a subsidy to child-rearing costs has in a fertility
choice model in which mortality is also endogenously determined. Whichever subsidy is instituted, the population growth rate
rises. While a subsidy to health expenditure reduces welfare, a subsidy to child-rearing costs might increase welfare. The
welfare analysis also suggests that a subsidy to health expenditure should be financed by a capital income tax, while a subsidy
to child-rearing costs should be financed by a consumption tax. |
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