The trend toward very rapidly fallen total fertility rates and population ageing causes high share of elderly and low share of young and labor active population in Korea. It may imply the slow or negative economic growth in the economy due to the shortage of labor force in the future.
We need to devise policy tools to increase fertility rates to cope with shortage of labor supply in the long run. At the same time, we need to induce inactive labor force into participating in labor market in the short term and the main force for inactive labor is married women in Korea.
It is well-known that there may be a trade-off between fertility rates and women's labor force participation and recently this relationship is changed to positive relationship in a few countries due to strong family friendly government policies. Thus we need to consider how to get high fertility rates as well as high married or coupled women's labor force participation rates in designing a family friendly government policy. One of policy tools is to help women with children under age 5 to reconciliate work and child rearing, i.e., child care policy. Our research agenda is to lessen households' child care expense within income tax scheme using child tax credit and to see how much it can impact on women's labor force participation rates and working hours. (The rest omitted)
- 여성노동공급 활성화를 위한 소득세 개편방안 연구(Income tax policy to enhance married women's labor force participation in Korea: Introduction of child tax credit)
- 성명재; 김현숙
여성노동공급 활성화를 위한 소득세 개편방안 연구(Income tax policy to enhance married women's labor force participation in Korea: Introduction of child tax credit)
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Economic Administration|