The impact of economic uncertainty on the decision of fertility: Evidence from Taiwan |
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| Affiliation: | 1. Chulalongkorn University, Sasin Graduate Institute of Business Administration, Bangkok, Thailand;2. Chulalongkorn University, College of Population Studies, Bangkok, Thailand;3. Pennsylvania State University, School of Graduate Professional Studies, Malvern, PA, USA;1. ISCAL – Lisbon Accounting and Business School, Instituto Politécnico de Lisboa, Av. Miguel Bombarda, 20, 1069-035 Lisbon, Portugal;2. SOCIUS – Research Centre in Economic and Organizational Sociology, CSG – Research in Social Sciences and Management, Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal;3. ISEG – Lisbon School of Economics and Management, Universidade de Lisboa, Portugal;4. UECE – Research Unit on Complexity and Economics, Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal;1. Department of Mathematical Sciences, Korea Advanced Institute of Science and Technology (KAIST), Daejeon 34141, Republic of Korea;2. School of Business Administration, Ulsan National Institute of Science and Technology (UNIST), Ulsan 44919, Republic of Korea;1. Department of Finance, California State University, Fullerton, United States;2. Institute of Finance, National Chiao Tung University, Taiwan;3. China University of Technology and National Chiao Tung University, Taiwan;1. School of Securities and Futures, Southwestern University of Finance and Economics, China;2. Department of Finance, National Central University, No. 300, Jhongda Rd., Jhongli City, Taoyuan County 32001, Taiwan, ROC;3. School of Securities and Futures, Southwestern University of Finance and Economics, No. 55, Guanghuacun Street, Chengdu, Sichuan 610074, China;1. Economics Department, The University of Western Australia, and Faculty of Finance, Banking and Business Management, Quy Nhon University, Viet Nam;2. Business and Economics Research Group, Ho Chi Minh City Open University, Viet Nam |
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| Abstract: | Economic uncertainty has only recently begun to appear in research on the determinants of fertility. Therefore, the purpose of this study is to investigate how economic uncertainty affects the fertility rate in Taiwan. Official county-level panel data from 1998 to 2016 for 20 counties are utilized in DIFF-GMM and SYS-GMM models in dynamic panel regression estimation. The major finding of this study is that higher volatility of household disposable income will reduce the fertility rate. The empirical results support the proposition that economic uncertainty might be an important determinant of fertility decisions, explaining the decline in fertility in Taiwan. |
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| Keywords: | Economic uncertainty Fertility Taiwan |
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