Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155334
Authors: 
Goldstein, Joshua R.
Koulovatianos, Christos
Li, Jian
Schröder, Carsten
Year of Publication: 
2017
Series/Report no.: 
CFS Working Paper Series 568
Abstract: 
We compare the cost effectiveness of two pronatalist policies: (a) child allowances; and (b) daycare subsidies. We pay special attention to estimating how intended fertility (fertility before children are born) responds to these policies. We use two evaluation tools: (i) a dynamic model on fertility, labor supply, outsourced childcare time, parental time, asset accumulation and consumption; and (ii) randomized vignette-survey policy experiments. We implement both tools in the United States and Germany, finding consistent evidence that daycare subsidies are more cost effective. Nevertheless, the required public expenditure to increase fertility to the replacement level might be viewed as prohibitively high.
Subjects: 
childcare
fertility
labor supply
vignette survey method
public policy
JEL: 
J13
J18
J38
D91
C83
D10
C38
Document Type: 
Working Paper

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