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Chaos. 2013 Jun;23(2):023106. doi: 10.1063/1.4802034.

Child allowances, fertility, and chaotic dynamics.

Author information

1
Department of Economics, National Taiwan University, Taipei, Taiwan. hjc@ntu.edu.tw

Abstract

This paper analyzes the dynamics in an overlapping generations model with the provision of child allowances. Fertility is an increasing function of child allowances and there exists a threshold effect of the marginal effect of child allowances on fertility. We show that if the effectiveness of child allowances is sufficiently high, an intermediate-sized tax rate will be enough to generate chaotic dynamics. Besides, a decrease in the inter-temporal elasticity of substitution will prevent the occurrence of irregular cycles.

PMID:
23822471
DOI:
10.1063/1.4802034
[Indexed for MEDLINE]
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