Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71408
Authors: 
Yasuoka, Masaya
Miyake, Atsushi
Year of Publication: 
2013
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 7 [Issue:] 2013-11 [Pages:] 1-25
Abstract: 
The public debt stock in some economically developed countries continues to increase because of a lack of tax revenues and the concomitant burdens of social security. Many of those countries suffer from lower birth rates and consequently, have fewer children. Child allowances might be an effective way to increase fertility, leading to higher future tax revenues through an increase in the number of younger people. In this paper, the authors examine whether or not child allowances reduce the public debt stock as a share of GDP in an economy with a pension system. As long as a non-negative debt policy is adopted in the long run, child allowances financed by bonds always increase the public debt stock as a share of GDP.
Subjects: 
public debt
endogenous fertility
child allowances
pension
JEL: 
G23
H55
J13
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Article

Files in This Item:
File
Size
427.63 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.