Childbearing Age, Family Allowances, and Social Security.
Although the optimal public policy under an endogenous number of children has been widely studied, the optimal public intervention under an endogenous timing of births has remained largely unexplored. This paper examines the optimal family policy when the timing of births is chosen by individuals wh...
| Published in: | Southern Economic Journal Vol. 80; no. 2; pp. 385 - 414 |
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| Main Authors: | , |
| Format: | Article |
| Published: |
Wiley-Blackwell
Oct2013
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=91986068&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 91986068 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Oct2013 vid: 80 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 91986068 10.4284/0038-4038-2012.061 ppf: 385 ppct: 29 formats: fmt: – @attributes: type: T – @attributes: type: P size: 17.8MB tig: atl: Childbearing Age, Family Allowances, and Social Security. aug: au: Pestieau, Pierre Ponthiere, Gregory affil: Paris School of Economics and Ecole Normale Superieure, Paris. 48 boulevard Jourdan, 75014 Paris, France University of Liège, HEC-ULg, and CORE, Paris School of Economics and CEPR, boulevard du Rectorat, batiment B31, 4000 Liège, Belgium su: Family policy Social security Family allowances Childbirth Government policy Childbearing age Endogenous growth (Economics) sug: subj: Family policy Social security Family allowances Childbirth Government policy Other Individual and Family Services Childbearing age Endogenous growth (Economics) ab: Although the optimal public policy under an endogenous number of children has been widely studied, the optimal public intervention under an endogenous timing of births has remained largely unexplored. This paper examines the optimal family policy when the timing of births is chosen by individuals who differ as to how early fertility weakens future earnings. We analyze the design of a policy of family allowances and of public pensions in such a setting, under distinct informational environments. Endogenous childbearing ages is shown to affect the optimal policy through the redistribution across the earnings dimension and the internalization of fertility externalities. Contrary to common practice, children benefits differentiated according to the age of parents can be part of the optimal family policy. Our results are robust to introducing: (i) children as durable "goods"; (ii) education choices; (iii) varying total fertility. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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