Abstract
By exploiting variations in pro-natalist cash grant amounts across 225 municipal districts in South Korea from 2005 to 2010, we estimated the causal impact of cash grants on fertility. After controlling for administrative district fixed effects, a system GMM analysis revealed a rise in grant amounts by 1,000 USD increased the crude birth rate by 4.4%. The results imply that the required grant amount for one extra birth increases with the parity of births. The sub-group analysis by maternal age suggests that the grant may have a significant permanent impact on the completed lifetime fertility.
| Original language | English |
|---|---|
| Pages (from-to) | 331-354 |
| Number of pages | 24 |
| Journal | Korean Economic Review |
| Volume | 32 |
| Issue number | 2 |
| Publication status | Published - 2016 Dec 1 |
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Keywords
- Fertility
- Policy impact
- Pro-natalist cash grant
- Subsidy
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
Cite this
Pro-natalist cash grants and fertility : A panel analysis. / Hong, Sok Chul; Kim, Young Il; Lim, Jae-Young; Yeo, Mee Young.
In: Korean Economic Review, Vol. 32, No. 2, 01.12.2016, p. 331-354.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Pro-natalist cash grants and fertility
T2 - A panel analysis
AU - Hong, Sok Chul
AU - Kim, Young Il
AU - Lim, Jae-Young
AU - Yeo, Mee Young
PY - 2016/12/1
Y1 - 2016/12/1
N2 - By exploiting variations in pro-natalist cash grant amounts across 225 municipal districts in South Korea from 2005 to 2010, we estimated the causal impact of cash grants on fertility. After controlling for administrative district fixed effects, a system GMM analysis revealed a rise in grant amounts by 1,000 USD increased the crude birth rate by 4.4%. The results imply that the required grant amount for one extra birth increases with the parity of births. The sub-group analysis by maternal age suggests that the grant may have a significant permanent impact on the completed lifetime fertility.
AB - By exploiting variations in pro-natalist cash grant amounts across 225 municipal districts in South Korea from 2005 to 2010, we estimated the causal impact of cash grants on fertility. After controlling for administrative district fixed effects, a system GMM analysis revealed a rise in grant amounts by 1,000 USD increased the crude birth rate by 4.4%. The results imply that the required grant amount for one extra birth increases with the parity of births. The sub-group analysis by maternal age suggests that the grant may have a significant permanent impact on the completed lifetime fertility.
KW - Fertility
KW - Policy impact
KW - Pro-natalist cash grant
KW - Subsidy
UR - http://www.scopus.com/inward/record.url?scp=85009355083&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85009355083&partnerID=8YFLogxK
M3 - Article
VL - 32
SP - 331
EP - 354
JO - Korean Economic Review
JF - Korean Economic Review
SN - 0254-3737
IS - 2
ER -