Fertility subsidies can have ambiguous effects on birth timing
نویسندگان
چکیده
Pronatalist subsidies often vary with birth order (parity). I study the effect of such on timing in a life-cycle model fertility choice. In model, births permanently reduce rate human capital accumulation. While to marginal always accelerate time next birth, higher-order can extend those times for women at low parities. The result is not driven by income effects, quantity-quality substitution, biological constraints, or uncertainty. Instead, it that slower anticipated earnings growth future raises value present.
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2023
ISSN: ['1873-7374', '0165-1765']
DOI: https://doi.org/10.1016/j.econlet.2023.111215