Economic Analysis of the Birth-Control Law in China

Chenhao Zhu

Abstract


This paper explores the two approaches of governments’ population policy: command-and-control regulation and market-oriented incentive. From both the micro and macro perspective, this paper draws a conclusion that the population market has its own autonomous principles and too much government intervention like the birth-control law in China is harmful. Policy-makers should provide guarantee from the political regime. And in case of market failure, the government should adopt the market-oriented approach to complement.

Full Text: PDF DOI: 10.5539/ijbm.v3n1p81

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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