TY - JOUR
T1 - Looking at the "population problem" through the prism of heterogeneity : welfare and policy analyses
AU - FAN, Chengze, Simon
AU - STARK, Oded
PY - 2008/8/1
Y1 - 2008/8/1
N2 - Upon introducing heterogeneity and dynamics into a model of the demand for children, a problem of optimal population is defined and analyzed. It is shown that from the perspective of social welfare, better-educated individuals produce too few children while less-educated individuals produce too many children and all individuals invest too little in the education of their children. The impact of several policy tools geared at addressing the "population problem" is investigated, in particular how child allowances and other tax-subsidy policies can be harnessed to enhance welfare, and how and why early childhood education programs can mitigate the "population problem."
AB - Upon introducing heterogeneity and dynamics into a model of the demand for children, a problem of optimal population is defined and analyzed. It is shown that from the perspective of social welfare, better-educated individuals produce too few children while less-educated individuals produce too many children and all individuals invest too little in the education of their children. The impact of several policy tools geared at addressing the "population problem" is investigated, in particular how child allowances and other tax-subsidy policies can be harnessed to enhance welfare, and how and why early childhood education programs can mitigate the "population problem."
UR - http://commons.ln.edu.hk/sw_master/339
UR - http://www.scopus.com/inward/record.url?scp=48249112575&partnerID=8YFLogxK
U2 - 10.1111/j.1468-2354.2008.00498.x
DO - 10.1111/j.1468-2354.2008.00498.x
M3 - Journal Article (refereed)
SN - 0020-6598
VL - 49
SP - 799
EP - 835
JO - International Economic Review
JF - International Economic Review
IS - 3
ER -
