My Baby Bonus paper with Joshua Gans is written up in the People’s Daily. I may never again match this readership.Â I can’t help wondering what a country with a one-child policy makes of a baby bonus. Since I’ll be in Beijing on July 1, when the Australian bonus goes up, I’ll have to find out.
In related news, a reader emails with details about the Singaporean Baby Bonus:
Children bring joy to the family. The Baby Bonus Scheme, first introduced in April 2001 and enhanced in August 2004, supports parentsâ€™ decision to have more children by helping to lighten the financial costs of raising children. The Scheme now benefits the 1st and 4th child born on or after 1 August 2004. Parents will get a cash gift of $3,000 for the 1st child, and a cash gift and co-savings of up to $9,000 for the 2nd child and up to $18,000 each for the 3rd and 4th child.
Twice the benefit for theÂ third child as for the second. Now there’s a country that doesn’t believe Gary Becker’s work on the quality-quantity tradeoff.