Arbeitspapier

Short- and Long-Run Effects of a Sizable Child Subsidy: Evidence from Russia

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 short run and in the long run, and has already resulted in an increase in completed fertility for a large cohort of Russian women. The subsidy is conditional and can be used mainly to buy housing. We find that fertility grew faster in regions with a shortage of housing and with a higher ratio of subsidy to housing prices. We also find that the subsidy has a substantial general equilibrium effect. It affected the housing market and family stability. Finally, we show that this government intervention comes at a substantial cost: the government's willingness to pay for an additional birth induced by the program equals approximately 50,000 dollars.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 13019

Klassifikation
Wirtschaft
Thema
fertility
maternity capital
housing

Ereignis
Geistige Schöpfung
(wer)
Sorvachev, Ilia
Yakovlev, Evgeny
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Sorvachev, Ilia
  • Yakovlev, Evgeny
  • Institute of Labor Economics (IZA)

Entstanden

  • 2020

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