Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - C.E.P.R. Discussion Papers - 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...