Although policies aimed at encouraging birth rate of Korea has been widely discussed in recent years, only few studies have been presented on the cause of low birth rate and the effectiveness of the policies. Hence, the fundamental issue still could be what factors determine fertility in Korea. It is essential to understand the cause of fall in birth rate of Korea. Nevertheless, the data could be improperly interpreted. This study first aims to analyze change in birth rate in Korea more precisely and to investigate the cause of sharp decrease. Next, we try to draw some policy implications to raise fertility based on our empirical analysis.
The lack of public awareness of the issue is a matter of concern because policies responsive to low birth rate may have a economic and social effect on our society. Among many considerations of that issue, the effectiveness of redistribution of fiscal policies responsive to low birth rate will be examined, as there have been few domestic studies.
Section II presents the model of determinants of birth rate in Korea using panel data. We find that private educational expenditure in household is an important factor in determining fertility decision. Section Ⅲ examines the change and causes of a decrease in birth rate of Korea, and seeks for practical uses of fiscal policies which can be responsive to low birth rate. Section Ⅳ illustrates the effectiveness of childbirth grant policy. According to our empirical analysis the child birth grant affects potential mothers' new birth planning. Section Ⅴ draws several implications relevant to policies responsive to low birth rate as well as the effectiveness of fiscal policies such as income redistribution.
- 저출산 대응 재정 정책수단의 효과 및 영향 분석(Effectiveness and redistributive effects of policies to raise fertility in Korea)
- 최준욱; 송헌재
저출산 대응 재정 정책수단의 효과 및 영향 분석(Effectiveness and redistributive effects of policies to raise fertility in Korea)
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Economic Administration
Social Development < Population