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SMU SOE Seminar Series (November 6, 2024): Social Institutions and Low Birth Rates

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TOPIC:

SOCIAL INSTITUTIONS AND LOW BIRTH RATES

ABSTRACT

We document three cross-sectional stylized facts on labor supply and family formation. First, female labor force participation (FLFP) and total fertility rates (TFR) are much lower in Eastern societies compared to Western economies. Second, labor hours and the gender-pay gap are much higher in the East than in the West. Third, parents invest more on schooling in Eastern societies compared to Western economies. To account for these features, we develop and estimate a rich heterogeneous-agent model with endogenous marriage, fertility, labor supply, and time and money investment in children. Estimates using data from South Korea and the United States highlight the importance of gender norms and long work hours practices in driving down FLFP while child quality mores drive down fertility in South Korea. Our results suggest that a multi-pronged policy approach or reductions in the gender-pay gap may help boost both FLFP and fertility in East Asia.

Click here to view the CV.

PRESENTER

Yutao Wang
Singapore Management University

RESEARCH FIELDS

Labor Economics
Development Economics
Applied Microeconomics

DATE:

6 November 2024 (Wednesday)

TIME:

4pm - 5.30pm

VENUE:

Meeting Room 5.1, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903

 

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