Yang, Mingyi2016-10-122016-10-122016https://hdl.handle.net/11299/182581Professional paper for the fulfillment of the Master of Public PolicyThis paper examines the optimal paid parental leave policy in terms of partial wage replacement and the maximum length of paid parental leave which can maximally increase household welfare of working families while keeping firm’s cost at the minimum. In other words, the ultimate goal of this paper is to give government some suggestions about what partial wage replacement and maximum length of paid parental leave to implement based on the household welfare model and firm’s cost minimization model in order to maximally increase household welfare of working families while keeping firm’s cost at the minimum.enpartial wage replacementpaid leave durationhousehould welfarefirm's costThesis or Dissertation