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| Megumi Mochida |
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| ''Child-allowances, fertility, and uncertain lifetime'' |
| ( 2009, Vol. 29 No.4 ) |
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| We examine how child-allowance policies with pay-as-you-go systems affect fertility and growth rates. This study demonstrates that when a government initiates a child-allowance policy using some part of the pension budget, the fertility rate declines in aging economies. |
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| Keywords: Uncertain lifetime, Child allowances, Fertility, Social security, Human capital |
JEL: H3 - Fiscal Policies and Behavior of Economic Agents: General
J1 - Demographic Economics: General |
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| Manuscript Received : Oct 25 2009 | | Manuscript Accepted : Oct 28 2009 |
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