TITLE:
The Impact of Social Security on Fertility Willingness in OECD Countries
AUTHORS:
Li Ji, Wanzhen Dai
KEYWORDS:
Social Security, Fertility, Fertility Willingness, OECD Countries
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.2,
March
30,
2023
ABSTRACT: The low fertility rate is a common
problem faced by all countries in the world today. All countries in the world
have adopted different policies to improve the fertility rate. Based on the
panel data of 36 OECD member countries from 1995 to 2019, this paper studies
the impact of social security level on fertility through a two-way fixed effect
model, and also examines the impact of other influencing factors on fertility.
The results show that there is a U-shaped relationship between social security
expenditure and fertility rate, and the social security coverage rate and
fertility rate have a negative relationship, and the impact effect is more
indirect. The research results of this paper are helpful to understand the
impact mechanism of fertility rate from a macro perspective, and provide
reference for the Chinese government to improve fertility rate through multiple
channels.