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- Title
Childcare Support Policies, Endogenous Fertility, Human Capital Accumulation, and Dynamics of National Debt.
- Authors
Kei Murata; Ding Jiaqi
- Abstract
This paper analyzes the interaction among childcare support policies, endogenous fertility, and human capital accumulation using an overlapping-generations model, which is mainly based on Groezen, Leers and Mejidam (2003) and Cardak (2004). Although Groezen, Leers and Mejidam (2003) consider endogenous fertility and child allowances financed by tax or foreign debt in a model of a small open economy, they ignore educational expenditures and do not analyze human capital accumulation and national debt. Although Cardak (2004) considers human capital accumulation and assumes it is determined by governmental or parental expenditures on education and by parent's human capital endowments, he ignores child allowances and assumes population size is constant in each period. This study considers human capital accumulation in a model introduced childcare time with endogenous fertility and assumes that child allowances and childcare services are financed by income tax and national debt. We then consider two childcare support policies--raise child allowances or expand childcare services--and compare the effects of both policies on endogenous fertility and human capital accumulation. Moreover, we analyze dynamics of national debt.
- Subjects
HUMAN capital; CHILD care; EXTERNAL debts; FREE trade; PUBLIC debts; INCOME tax; CAPITAL investments
- Publication
Global Business & Economics Anthology, 2023, Vol 1/2, p16
- ISSN
1553-1392
- Publication type
Article
- DOI
10.47341/GBEA.23122