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In this paper we propose and analyze a particular market failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The friction we investigate is related to the ownership of children. If parents have no claim on their children’s...
Persistent link: https://www.econbiz.de/10010878020
In this paper a particular market failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention are analysed. The friction which is investigated is related to the ownership of children. If parents have no claim on their children’s...
Persistent link: https://www.econbiz.de/10008543088
Persistent link: https://www.econbiz.de/10010360478