Income Risk, the Tax‐benefit System and the Demand for Children
Bibliographic Data
| ID | 9727482 |
|---|---|
| Authors | Clive D Fraser (0000-0001-5942-6493, University of Leicester, corresponding author) |
| Year | 2001 |
| Volume | 68 |
| Issue | 269 |
| Pages | 105-126 |
| Publication date | 2001-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0335.00236 |
| OpenAlex | W2008777821 |
| Language | EN |
| Citations received | 5 |
| References cited | 17 |
Because children represent an irreversible commitment, parents might hedge against higher income risk by having fewer children. We show that, under plausible assumptions, recent increases in income risk might have reduced prudent parents’ desired fertility. Responses to this via the tax‐benefit system are considered. Introducing an expected revenue‐neutral transfer‐cum‐child‐benefit system under proportional taxation, which lets the government share the household’s income risk, increases desired fertility for parents who would choose to have small families in this system’s absence. Pound for pound, the targeted child benefit enhances fertility more than the lump‐sum transfer
Demographic economics · Economics · Fertility · Hedge · Income tax · Labour economics · Pound (networking) · Public economics · Revenue · Tax revenue · Demography · Family Dynamics and Relationships · Finance · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,24 |
| Citation span | 2005 - 2021 (17) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |