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Summary and Conclusions (No Infant Left Behind: Public Finance Arguments for Mandated Leave and Income Supports for Parents)

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eBook details

  • Title: Summary and Conclusions (No Infant Left Behind: Public Finance Arguments for Mandated Leave and Income Supports for Parents)
  • Author : Public Finance and Management
  • Release Date : January 01, 2005
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 300 KB

Description

The primary purpose of this article was to construct a theoretical and evidence-based argument concerning why maternity and parental leave policy must be viewed as human capital investment policy. First, the article reviewed the accumulating evidence concerning the risk that early maternal employment poses for both infant and maternal mental and physical health and the risk that negative outcomes associated with early maternal employment persist throughout early childhood. Second, the article examined the extent to which lack of leave and income support sometimes create obstacles that constrain a parent's ability to choose the optimal level of leave for her own health and for the optimal level of investment in newborn children. Third, arguments were developed that drew on the strong contributions of public finance theory in terms of externalities and public goods. These arguments were applied to the provision of mandated leave policy. Fourth, the article drew together a wide range of options that have proposed and enacted both here in the United States and in other countries concerning the provision of income supports for parents of infant and evaluated the advantages and disadvantages of these options. It was argued that income support schemes which allow for (1) parental choice in terms of care and (2) inclusion of different income groups offer relative advantages over other alternatives in terms of both equity and political feasibility. In the projected wake of the largest deficits ever yet seen in the United States, it seems especially urgent that adequate investments be made in the citizens who will need to bear the burden of this debt. Today's newborn children will need to be far more productive than today's workforce in order to provide not only for themselves, but also for the debt bequeathed by the policies of the current generation. If other issues such as global warming also need to be dealt with, today's children will face even greater challenges that will demand substantial human resources to solve.


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