Quebec ’ s Baby Bonus : Can Public Policy Raise Fertility ? January 24 , 2002 Kevin Milligan

نویسنده

  • Kevin Milligan
چکیده

Fertility rates across the countries of the Organisation for Economic Co-operation and Development (OECD) have declined sharply since the 1960s. This decrease raises public policy concerns because the funding of many social programs, such as public pensions and health care, relies on transfers across generations. Elderly citizens receive benefits funded by younger workers, who, in turn, expect to be supported in their retirement by the next generation of taxpayers. As successive generations shrink in size, these fiscal arrangements come under pressure. In addition, some people fear that dwindling populations may threaten the vitality of various cultures whose survival depends on a critical mass of participants. These concerns have led governments to create tax and transfer policies aimed at influencing family decisions as intimate as those surrounding fertility. Of the 29 OECD countries, 26 give families with children special treatment through the tax and transfer system (OECD 2000). In more than half of OECD countries, per child tax benefits increase with the number of children in the family.1 This policy structure implies that the policymakers’ goal is to Quebec’s Baby Bonus: Can Public Policy Raise Fertility? January 24, 2002

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تاریخ انتشار 2002