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Quantitative evidence on the welfare effects of home sector fiscal policy
Journal article   Peer reviewed

Quantitative evidence on the welfare effects of home sector fiscal policy

Kelly Ragan
Economics Letters, Vol.118(2), pp.400-403
2013

Abstract

A home production model that explicitly accounts for taxes and public expenditures on day-care and elder-care, substitutes for work households perform at home, is used to evaluate the welfare implications of alternative public expenditure policies. Both subsidy and workfare policies are welfare improving relative to a model where tax revenues are rebated lump sum. The welfare gains from optimal home sector policy design can be large.

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