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Holger Stichnoth, Raphael Abiry and Karsten Reuss
''Completed fertility effects of family policy measures: evidence from a life-cycle model''
( 2015, Vol. 35 No.3 )
We estimate a structural life-cycle model of fertility and female labour supply and use it to evaluate the effects of a number of key family policy measures based on data for Germany. Child benefits, parental leave benefits, and subsidized childcare are found to have substantial fertility effects. Without these measures, completed fertility is estimated to be lower by 0.5%, 1.4%, and 2.2%, respectively. Income tax splitting, which is fiscally expensive, reduces female labour supply but has a negligible effect on fertility.
Keywords: Fertility; female labour supply; family policy; dynamic programming
Manuscript Received : Feb 19 2015 Manuscript Accepted : Aug 12 2015

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