Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - Barcelona Graduate School of Economics (Barcelona GSE) - 2013
What would be the aggregate effects of adopting a more generous and universal childcare subsidy program in the U.S.? We answer this question in a life-cycle equilibrium model with heterogeneous married and single households with three key features: (i) joint labor-supply of married households...