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May 25, 2024Journal of the Japanese and International EconomiesOpen Access

Macroeconomic analysis of the child benefit: Fertility, demographic structure, and welfare

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KNKanato Nakakuni

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Overview

Analysis reveals the long-term welfare gains from child benefits in Japan, indicating broad benefits for all demographics.

Key Points

  • Welfare gains from expanding child benefits take about 100 years to fully accrue, influencing future generations.
  • The general equilibrium model shows that higher fertility rates can improve overall welfare and economic outcomes.
  • The benefit elasticity of fertility aligns with existing empirical estimates, supporting the model's validity.
  • Long-run benefits extend to individuals without children, highlighting the wider impact of demographic changes.

Cite This Study

Kanato Nakakuni (2024) studied this question.

synapsesocial.com/papers/68e686bfb6db64358760f49ahttps://doi.org/10.1016/j.jjie.2024.101325
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