Does Pro�?Population Policy Raise Per Capita Consumption?
Does Pro�?Population Policy Raise Per Capita Consumption?
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DOI:
10.1111/j.1468-5876.2010.00513.x
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发表时间:
2011-06
期刊:
影响因子:
--
通讯作者:
Yoshiyasu Ono;K. Hashimoto
中科院分区:
文献类型:
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作者:
Yoshiyasu Ono;K. Hashimoto
We theoretically analyze the effects of a child allowance, an improvement in the efficiency of child rearing and a labour income tax on the fertility rate and per capita consumption. The effects on per capita consumption are opposite in the absence, and the presence, of unemployment. For example, a child allowance urges people to have more children and allocate more labour to child rearing, decreasing labour supply for the purpose of commodity production. Therefore, under full employment it decreases per capita consumption. In the presence of unemployment, however, it reduces the deflationary gap and hence stimulates per capita consumption.