ECIN Replication Package for "Optimal Parental Leave Subsidization with Endogenous Fertility and Growth"

Principal Investigator(s):  View help for Principal Investigator(s) Siew Ling Yew, Monash University; Shuyun May Li, University of Melbourne; Solmaz Moslehi, Monash University

Version:  View help for Version V3

Name File Type Size Last Modified
  Codes 06/05/2023 12:09:AM
  codes 06/05/2023 12:22:AM

Project Citation: 

Yew, Siew Ling , Li, Shuyun May , and Moslehi, Solmaz . ECIN Replication Package for “Optimal Parental Leave Subsidization with Endogenous Fertility and Growth.” Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-06-05. https://doi.org/10.3886/E190482V3

Project Description

Summary:  View help for Summary We examine the growth and welfare effects of parental leave subsidization in a life-cycle dynastic model with human capital externality. Such externality causes higher fertility, less parental time and expenditure on child human capital, and lower growth and welfare than the efficient levels. Efficient policies require subsidizing work leave, which includes parental leave, and labor income financed by a lump-sum tax. Calibration based on the U.S. data implies that a fully-covered leave duration of 7.8 weeks per parent financed by an increase in labor income tax would increase the annual growth rate by 0.06 percentage points and welfare by 0.027%.

Scope of Project

JEL Classification:  View help for JEL Classification
      H20 Taxation, Subsidies, and Revenue: General
      J10 Demographic Economics: General
      J22 Time Allocation and Labor Supply
      O40 Economic Growth and Aggregate Productivity: General
Manuscript Number:  View help for Manuscript Number ECIN-May-2022-0204.R1

Methodology

Data Source:  View help for Data Source

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Published Versions

V3 [2023-06-05]

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