It Takes a Village - Network Effect of Child-rearing
نویسندگان
چکیده
We explore an economy where number of children is endogenously determined and the cost of raising children is determined by the total number of children in the economy. We show that number of children will be too small compared to the social optimum and that the network effect may magnify the decline of “birthrate”. Our analysis demonstrates that public policies to increase birthrate must take this into account when determining subsidies. ∗2-1 Naka, Kunitachi, Tokyo 186-8601, Japan. E-mail: [email protected] †2-1 Naka, Kinitachi, Tokyo 186-8603, Japan. E-mail: [email protected] The research is part of the academic Project on Intergenerational Equity (PIE), funded by a scientific grant from Japan’s Ministry of Education, Culture, Sports, Science and Technology (grant number 603).
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تاریخ انتشار 2005