Do family policies really affect fertility levels?
|Autor:||Mgr. Zuzana Jiráková|
|Rok:||2019 - letní|
|Vedoucí:|| Mgr. Barbara Pertold-Gebicka M.A., Ph.D.
|Typ práce:|| Diplomová
Finance, finanční trhy a bankovnictví
|Abstrakt:||One of the main objectives of family policies in countries with low fertility levels is to stimulate birth
rates and incentivize the citizens to have more children. Nevertheless, the research on whether this
objective is being met remains inconclusive. In this thesis, we analyze two reforms which took place in
the Czech Republic in 1995 and 2008, which adjusted the period of reception of the parental allowance.
We use data from selected European OECD countries along with the synthetic control approach to
construct a synthetic counterpart to the Czech Republic which gives us an idea about how fertility levels
would have developed if the interventions did not take place. In both cases, 1995 reform and 2008
reform, we do not find any conclusive evidence that the interventions affected fertility levels in the
Czech Republic. Moreover, we observe a change in the trend of total fertility rate about 2 years before
each reform which suggests that these reforms were more likely reactions to changing fertility rates
rather than remedies.