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Megumi Mochida
 
''Child-allowances, fertility, and uncertain lifetime''
( 2009, Vol. 29 No.4 )
 
 
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.
 
 
Keywords: Uncertain lifetime, Child allowances, Fertility, Social security, Human capital
JEL: H3 - Fiscal Policies and Behavior of Economic Agents: General
J1 - Demographic Economics: General
 
Manuscript Received : Oct 25 2009 Manuscript Accepted : Oct 28 2009

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