Japan’sFertility:MoreChildrenPleaseJapanKoheiAsao,DanilaSmirnov,andTengTengXuSIP/2024/025IMFSelectedIssuesPapersarepreparedbyIMFstaffasbackgrounddocumentationforperiodicconsultationswithmembercountries.ItisbasedontheinformationavailableatthetimeitwascompletedonApril15,2024.ThispaperisalsopublishedseparatelyasIMFCountryReportNo.24/119.2024JUN©2024InternationalMonetaryFundSIP/2024/025IMFSelectedIssuesPaperAsiaandPacificDepartmentJapan’sFertility:MoreChildrenPleasePreparedbyKoheiAsao,DanilaSmirnov,andTengTengXuAuthorizedfordistributionbyRanilSalgadoJune2024IMFSelectedIssuesPapersarepreparedbyIMFstaffasbackgrounddocumentationforperiodicconsultationswithmembercountries.ItisbasedontheinformationavailableatthetimeitwascompletedonApril15,2024.ThispaperisalsopublishedseparatelyasIMFCountryReportNo.24/119.ABSTRACT:Japan’sfertilityhasdeclinedinthepastthreedecades.RaisingJapan’sfertilityrateisakeypolicypriorityforthegovernment.Usingcross-countryanalysisandcasestudies,thispaperfindsthatthemostsuccessfulmeasuretosupportthefertilityrateistheprovisionofchildcarefacilities,particularlyforchildrenaged0-2.Offeringstrongerincentivesfortheuseofpaternityleavecanalleviatetheburdenofchildcareonmothers,supportingfertility.Ontheotherhand,thereislimitedevidencethatcashtransfersareeffectiveinsupportingfertility,basedoninternational...
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