The problem of low fertility in South Korea

dc.contributor.authorKim, Joey
dc.date.accessioned2024-09-16T16:18:04Z
dc.date.available2024-09-16T16:18:04Z
dc.date.issued2024
dc.description.abstractSince 2005, the South Korean government worked to address the declining total fertility rate by enacting pronatalist policies. Despite these efforts, the country continues to experience one of the lowest total fertility rates in the world. This study draws on data from Statistics Korea, the Organisation for Economic Co-operation and Development (OECD), and several articles on low fertility rates and childcare in South Korea to assess whether the pronatalist policy introduced in 2021 could yield the desired outcomes for the government. The findings indicate that the government overlooked the interplay between culture and economic decisions. With the cultural norms of placing children in private education and expectations of women to drop out of the labour market after childbirth, the policy from 2021 does not address the rising costs of private education and opportunity costs for women, contributing to lower fertility. The South Korean government understands the impact of a prolonged low total fertility rate due to problems in areas like the public pension system. While multiple factors exist that influence the total fertility rate in South Korea, the research highlights the importance of policymakers acknowledging the interplay between culture and economic decisions.
dc.description.reviewstatusReviewed
dc.description.scholarlevelUndergraduate
dc.description.sponsorshipValerie Kuehne Undergraduate Research Awards (VKURA)
dc.identifier.urihttps://hdl.handle.net/1828/20424
dc.language.isoen
dc.publisherUniversity of Victoria
dc.subjectpolicy review
dc.subjecttotal fertility rate
dc.subjectpronatalist policy in South Korea
dc.subjectprivate education for children
dc.subjectopportunity costs of giving birth
dc.subjectpublic pension system
dc.titleThe problem of low fertility in South Korea
dc.typePoster

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