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Tax Reforms as Capital Market Development Factor

✍ Scribed by Edward Sandoyan; Samvel Mkhitaryan; Samvel Sahakyan

Book ID
106570262
Publisher
Springer
Year
2006
Tongue
English
Weight
222 KB
Volume
13
Category
Article
ISSN
1614-4007

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## Abstract This paper examines the link between development of financial capital markets, old‐security and fertility, when child labour is prevalent. The model demonstrates that when returns from financial capital markets increase, fertility levels and investment in children's schooling are reduce