Economics How much does status competition lower Korean fertility?

-

How much does status competition lower Korean fertility?

How much does status competition lower Korean fertility?

Using a quantitative heterogeneous-agent model calibrated to Korea, we find that fertility would be 28% higher in the absence of the status externality and that childlessness in the poorest quintile would fall from five to less than one percent. We then explore the effects of various government policies. A pro-natal transfer or an education tax can increase fertility and reduce education spending, with heterogeneous effects across the income distribution. The policy mix that maximizes the current generation’s welfare consists of an education tax of 22% and moderate pro-natal transfers. This would raise average fertility by about 11% and decrease education spending by 39%.

Here is the full paper by Seongeun Kim, Michèle Tertilt, and Minchul Yum.  Here is the version forthcoming in the AER.

The post How much does status competition lower Korean fertility? appeared first on Marginal REVOLUTION.

Source : https://marginalrevolution.com/marginalrevolution/2024/02/how-much-does-status-competition-lower-korean-fertility.html?utm_source=rss&utm_medium=rss&utm_campaign=how-much-does-status-competition-lower-korean-fertility

Latest news

WATCH: The 2024 Bitcoin Halving Livestream

The countdown to Bitcoin’s 4th halving has begun. Tune in to the Bitcoin Halving Livestream powered by...

Is New York’s Eviction Bill a Compromise? Or Just More Pain for Landlords and a Blueprint for Other States to Follow?

New York State legislative leaders have agreed on a preliminary housing deal aimed at tackling affordability and supply problems, which...

Partnering Is a Great Way to Invest—As Long as You’ve Worked Out These 13 Details

In the last 16+ years, I’ve worked with many investors. Occasionally, I am asked about two or more people...

MicroStrategy to Host Bitcoin For Corporations Conference – Pioneering Bitcoin Adoption

MicroStrategy World and the Bitcoin for Corporations conference is set to gather leaders of Fortune 1000 companies...

What is the Fediverse? video – CNET

What is the Fediverse? video - CNET Here's what you need to know about President Biden...

Score Up to $300 Off an M3 MacBook Pro – CNET

Score Up to $300 Off an M3 MacBook Pro - CNET If you’ve been looking to...
Advertisement

Must read

Advertisement

You might also likeRELATED
Recommended to you