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Detailed Information:
| Author(s): |
Yuhua Shi, Jie Zhang
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| Title: |
On high fertility rates in developing countries: birth limits, birth taxes, or education subsidies?
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| Abstract: |
In this paper, we consider two types of population policies observed in practice: birth limits and birth taxes. We find that both achieve very similar equilibrium solutions if tax revenue finances lump-sum transfers. By reducing fertility and promoting growth, both birth policies may achieve higher welfare than conventional education subsidies financed by income taxes. A birth tax for education subsidies can achieve the first-best solution. The welfare gain of the first-best policy may be equivalent to a massive 10–50% rise in income, depending on the degree of human capital externalities and the elasticity of intertemporal substitution.
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| Published: |
J Popul Econ (2009) 22 (3): 603-640
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| Keywords: |
Fertility - Growth - Welfare
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| Jel: |
J13 - O11 - H23
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| Email: |
ecszj@nus.edu.sg |
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