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http://www.itinerainstitute.org/en/library/_paper/cheaper-child-care-more-children/
Cheaper Child Care, More Children
13 February 2009
An extended labour force is the way to counter the pernicious effect of ageing. There are two ways to increase labour supply: on the short term, immigration can be a temporary solution, but on the long term the birth rate would have to go up eventually. Given the high labour force participation of mothers, the latter should not be taken for granted. According to this IZA publication based on Swedish data, child care policies can improve fertility and, later, expand the labour force.

http://ftp.iza.org/dp3942.pdf

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