Child benefit

Child benefit or children's allowance is a payment which is distributed to the parents or guardians of children, teenagers and in some cases, young adults. Countries operate different versions of the benefit. Child benefit can depend on the number of children. A study found a child benefit at 10 % of income tends to increase fertility by between around 1 to 3%. The cost of raising a child including opportunity costs increases with income and depends on the number of children.