Sorvachev, Ilia; Jakovlev, Evgenij - 2020
This paper utilizes a large-scale natural experiment aimed at increasing fertility in Russia. Motivated by a decade …-long decrease in fertility and population, the Russian government introduced a sequence of sizable child subsidies (called Maternity … Capitals) in 2007 and 2012. We find that the Maternity Capital resulted in a significant increase in fertility both in the …