The results show that direct subsidies should be provided to families whose wages are lower than the market price of childcare. Indirect subsidies should be provided to families whose wages are above the market price for childcare. Finally, the optimal child-rearing subsidy curve is derived, and ...
To provide for their families, parents have to work. Other parents may even go back to school to further their education and expand their income opportunities. But while parents are at work or school, they need to find high-quality and dependable childcare at an affordable cost. ManyGeorgiapar...
This study examines whether the performance level of community childcare centers that receive financial subsidy from governments can be improved by incorporating the insight from behavioral economics. Specifically, we test empirically whether incorporating the 'last-place aversion' and 'first-place seeking'...