Gori, Luca; Fanti, Luciano - In: Economics Bulletin 10 (2007) 19, pp. 1-10
We examine how subsidy policies to support child-rearing of households affect the fertility rate in a textbook OLG model extended to account for a labour market imperfection (e.g., a minimum wage or a monopolistic union's wage) as well as endogenous fertility. It is shown that increasing the...