The teenage-pregnancy rate in America, once the highest in the OECD, has fallen below the OECD’s average by 2012. Fertility trends across the OECD have shifted, with income now showing a generally positive relationship. Discussions have emerged on using taxation to address fertility as a collective action problem, with a focus on education spending and the impact on poorer parents' ability to afford multiple children in South Korea. The suggestion has been made to change the situation through tax and spending policies.
Poorer Koreans tend to have fewer kids. They’re also more likely to be childless Kim et al suggest this is because they can’t afford to keep up with the rich How could that be changed? Tax and spend?? https://t.co/JXxhZbAj0e https://t.co/kF3AkDEozg
Parents spent 💰 on their kids' education. Poorer parents want to match this spending, but can't afford it if they have multiple kids. This lowers fertility. Can this be solved with taxation? I discuss new work by Kim, @TertiltMichele & @MinchulYum https://t.co/LuLCVqyc6Q https://t.co/UKPYj2gAC4
Paper argues that South Korea should tax education, since marginal spending on ed is mainly driven by status competition. https://t.co/kxvhliRqg7
Fertility is a collective action problem. Can it be tackled with taxation? I discuss a fascinating new paper by Seongeun Kim, @TertiltMichele & @MinchulYum, in @AEAjournals https://t.co/LuLCVqyc6Q ht @tylercowen @arpitrage https://t.co/cSA1nm374O https://t.co/UKPYj2gAC4
Fertility is a dynamically evolving phenomenon. Some of the facts about fertility have changed over time🧵 Consider the relationship with income. Across the OECD, we went from a negative national-level relationship to a generally positive one: https://t.co/SUB3CFOwc1
America used to have the highest teenage-pregnancy rate in the OECD, a club of mostly rich countries. By 2012 it had fallen below the OECD’s average. Why might this be happening? https://t.co/g37NUBGkvk https://t.co/ksAb3QBhq9