Social and Behavioral Sciences Commons^™

Study On The Effectiveness Of Childbirth Grant Policy In Korea, Myung Goo Lee

MPA/MPP/MPFM Capstone Projects

South Korea was once a typical high birth country. However, Korea is facing serious low birth rates recently as the total fertility rate is 0.98, which means that the Korean couple has less than one child on average. The rapid demographic change due to low fertility causes many negative effects such as economic vitality and welfare burden. Thus, the Korean governments have introduced various policies to overcome the low birth rate, and one of these is the childbirth grant policy: governments provide a certain amount of cash when a family within its jurisdiction gives birth. However, the world's lowest fertility …