We exploit a sharp birthday discontinuity in a large and universal Swedish cash transfer program, creating plausibly exogenous variation in the default disbursement option, while holding entitlements and other financial incentives constant. When the cash transfer is paid out to the mother by...

Childcare policies play a crucial role in helping parents reconcile care and employment related tasks. This paper quantifies the net cost of purchasing full-time centre-based childcare in OECD countries taking into account a wide range of influences on household budgets, including fees charged...

We study the impact of restricting child-related social assistance to the first two children in the family on the fertility of third and subsequent births. As of April 2017, all third and subsequent born children to low-income families in the UK did not receive means-tested child benefits,...

This paper presents an aggregate estimation based on time series data for Spain (1979-1999) of the effects of dependent child tax allowances and social benefits (i.e. income tax allowances for children and social security benefits for each dependent child, one-off birth payments and paid...

This chapter examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. The contributions reviewed come from branches of economics as far apart as...

This paper evaluates two hypothetical budget-neutral reforms that shift resources from family tax expenditures to family cash transfers. We evaluate these reforms using a structural labor supply model based on the microsimulation EUROMOD model and EU-SILC data. We find that both reforms have an...

In this paper, we examine reforms that alleviate large employment disincentives induced by child-related transfers for married mothers. We develop a life-cycle model where married couples face labor market, child care and fertility risk, and make joint labor supply and consumption-saving...

We formalize and estimate the dynamic marginal efficiency cost of redistribution (MECR) in the spirit of Okun’s “leaky bucket”. We analyze the MECR of an income-contingent childcare subsidy program and the income tax within the German context, using a dynamic structural...

This paper evaluates two hypothetical budget-neutral reforms that shift resources from family tax expenditures to family cash transfers. We evaluate these reforms using a structural labor supply model based on the microsimulation EUROMOD model and EUSILC data. We find that both reforms have an...

Although improving psychological well-being was not the explicit focus of the 2021 expanded Child Tax Credit (CTC), psychological health outcomes may have been affected by the positive income shocks generated by the credit. In this chapter we ask: How did the 2021 expanded CTC affect parents'...