We consider the effects of a paid childcare leave subsidy on maternal behavior in South Korea using a difference-in-difference design and a fertility survey with information on conception, contraception, and labor supply arrangements. Childcare subsidies increased conception and decreased...

We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and Southeast Asia satisfy all of them. The conditions are (1) support ratio - the ratio of workers to consumers - matters for economic growth, (2) economic development accompanies...