This paper presents an investigation of the effects of child care service on the fertility rate. Results of our analyses show that the price of child care service plays important roles on the fertility and that a positive relation is not robust between fertility and income.

This paper describes the relation between fertility and intergenerational child-care support provided by grandparents in a model based on the overlapping generations model with endogenous fertility. Results show that intergenerational child-care support causes fertility to fluctuate. This paper...

Based on Glomm and Ravikumar (1992), this paper described the relation between preferences for educational investment for children and income growth or income inequality. The result derived using the constant relative risk aversion (CRRA) utility function differs from that derived using the log...

This short paper introduces the external effects of human capital on education as reported by such as Tamura (1991) and so on to Glomm and Ravikumar (1992) and reexamines economic growth and income inequality in the two education systems: one for public and the other for private education. Glomm...

This paper describes how a child allowance policy and income transfer to older people policy alter fertility and economic growth under a pay-as-you-go pension system. Moreover, this paper presents ways to finance such policies: one for income taxation and the other for consumption tax. The...