| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11779 |
| DP11779 Child-Related Transfers, Household Labor Supply and Welfare | |
| Nezih Guner; Gustavo Ventura; Remzi Kaygusuz | |
| 发表日期 | 2017-01-13 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | What are the macroeconomic and welfare effects of expanding transfers to households with children in the United States? How do childcare subsidies compare to alternative policies? We answer these questions in a life-cycle equilibrium model with household labor-supply decisions, skill losses of females associated to non participation, and heterogeneity in terms of fertility, childcare expenditures and access to informal care. We consider the expansion of transfers that are contingent on market work -- childcare subsidies and Child and Dependent Care Tax Credits (CDCTC) -- versus those that are not -- Child Tax Credits (CTC). We find that expansions of transfers of the first group have substantial positive effects on female labor supply, that are largest at the bottom of the skill distribution. Universal childcare subsidies at a 75% rate lead to long-run increases in the participation of married females of 8.8%, while an equivalent expansion of the CTC program leads to the opposite -- a reduction of about 2.4%.We find that welfare gains of newborn households are substantial and up to 2.3% under the CDCTC expansion. The expansion of none of the existing programs, however, receives majority support at the time of its implementation. Our findings show substantial heterogeneity in welfare effects, with a small fraction of households --young and poorer households with children -- who gain significantly while many others lose. |
| 主题 | Labour Economics ; Macroeconomics and Growth ; Public Economics |
| 关键词 | Household labor supply Child-related transfers Childcare |
| URL | https://cepr.org/publications/dp11779 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540593 |
| 推荐引用方式 GB/T 7714 | Nezih Guner,Gustavo Ventura,Remzi Kaygusuz. DP11779 Child-Related Transfers, Household Labor Supply and Welfare. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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