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The basic argument of this paper is that as economists we need to pay more attention to how policy affects the well-being of children as individuals, not just as members of families. Except with reference to programs explicitly designed for children (e.g., the Child Tax Benefit) the issue of how economic policy, in general, affects the well-being of the children themselves is relatively missing in the economics literature, though children constitute nearly 25 per cent of the Canadian population.' For example, discussions of monetary policy are unlikely to consider the impact of alternative choices for children's well-being; debates about the merits of labour-market mobility do not pay much attention to the impact of mobility on children; discussions of optimal tax structures do not look at the issue from the perspective of the child.2
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