ECON 426 Chapter Notes -Child Care, Literature Review, Shortage

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blushraccoon565

1 Nov 2011

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Title: universal child care, maternal labour supply, and family well-being. Authors: baker, m. , j. gruber, and k. milligan. Taxes earned did not cover subsidies: negative behavioural consequences for children but positive cognitive effects, worsening of parental health (depression) and quality of parental relationships. Frontier: find whether quebec child care policy had a positive impact. Data: national longitudinal survey of children and youth (nlscy). The authors focus on married or cohabiting mothers and their children. More detailed hypotheses/facts/results/comments: child care utilization increased more than increase in labour supply, negative effects of child care could be transitional due to excess demand. Empirical strategy: estimation of difference-in-differences models to compare outcome of the reform between quebec and the rest of canada, child care use and labour supply regressions enhanced with graphical measures.

Related Questions

In making labour supply decisions, households weigh:

a. The market wage against the value of market-produced goods.

b. The market wage against the value of their marginal product of labour.

c. The market wage against the value of leisure and time spent in unpaid household production.

d. Child care costs.

byzantiumfish483

Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:

How does imposing rent controls affect the number of housing units available to low-income families? Illustrate your response using graphs.
Under rent controls, can all low-income families get rent-controlled housing?
Who gains from rent controls? Who loses?
What alternative policy would you propose to make plenty of housing available to low-income families that would not be subject to the problems of rent controls? Illustrate the effects on supply and demand from part 1.

The National School Lunch Program is a federally assisted meal program operating in over 100,000 public and non-profit private schools and residential child care institutions. It provided nutritionally balanced, low-cost or free lunches to more than 31 million children each school day in 2012. One noted economist said, "there is no such thing as a free lunch". In the context of supply and demand theory, discuss the implications of this statement and with respect to consumer welfare how would interpret the U.S. governments position on this matter?

ECON 426 Chapter Notes -Child Care, Literature Review, Shortage

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