This paper analyzes the welfare implications of children’s enfranchisement within a political economy framework that … equilibrium under Markov strategies and compare welfare across various suffrage schemes and demographic groups. The franchise that … maximizes welfare across demographic groups depends on the fertility rate in the economy. Policies chosen when all demographic …

effects of simulated increases to the birth rates. We analyze the overall macroeconomic and welfare effects of these simulated … effects are positive, but short of the natalistic expenditures in many countries. The sign and the size of both welfare and …

effects of simulated increases to the birth rates. We analyze the overall macroeconomic and welfare effects of these simulated … effects are positive, but short of the natalistic expenditures in many countries. The sign and the size of both welfare and …