Parental Leave Policies, Fertility, and Labor Supply


South Korea has been struggling with both low fertility rates and low female hours worked for several decades. Parental leave policies are often regarded as a government instrument to raise both. How successful would these policies be in achieving these objectives in a society featuring relatively strong social norms about the role of women within households and high monetary costs of children? We answer these questions using a quantitative heterogeneous-household life-cycle model in which couples jointly make decisions about fertility, childcare, labor supply, and savings with parental leave options.


If you have any questions regarding the seminar, please contact the seminar organizers Tim Maurer or Camilla Nesfossen Hopsdal