期刊
MACROECONOMIC DYNAMICS
卷 26, 期 4, 页码 979-1020出版社
CAMBRIDGE UNIV PRESS
DOI: 10.1017/S1365100520000449
关键词
One-Child Policy; Fertility; Human Capital
类别
The study shows that China's one-child policy increases the human capital of affected individuals by 47%, but the decrease in the labor force size leads to a negative impact on total income.
This paper studies the effects of China's one-child policy on human capital and income. I build and calibrate a quantitative OLG model with intergenerational transfers. The model generates a quantity-quality trade-off, so a restriction on fertility leads to an increase in human capital, and higher human capital then contributes to higher individual income and welfare. Calibrating the model to match survey data on urban households, I find that the one-child policy increases the human capital of affected agents by about 47% relative to a counterfactual with no fertility restrictions. However, the effect on aggregate income is negative as the size of the labor force falls.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据