Assessing the Impact of the Maternity Capital Policy in Russia Using a Dynamic Model of Fertility and Employment

47 Pages Posted: 2 Nov 2013

See all articles by Fabian Slonimczyk

Fabian Slonimczyk

National Research University Higher School of Economics

Anna V. Yurko

University of Texas at Austin - Department of Economics; National Research University Higher School of Economics

Abstract

With declining population and fertility rates below replacement levels, Russia is currently facing a demographic crisis. Starting in 2007, the federal government has pursued an ambitious pro-natalist policy. Women who give birth to at least two children are entitled to "maternity capital" assistance ($11,000). In this paper we estimate a structural dynamic programming model of fertility and labor force participation in order to evaluate the effectiveness of the policy. We find that the program increased long-run fertility by about 0.15 children per woman.

Keywords: fertility, female labor supply, structural estimation, Russia

JEL Classification: J13, C61

Suggested Citation

Slonimczyk, Fabian and Yurko, Anna V., Assessing the Impact of the Maternity Capital Policy in Russia Using a Dynamic Model of Fertility and Employment. IZA Discussion Paper No. 7705. Available at SSRN: https://ssrn.com/abstract=2349028

Fabian Slonimczyk (Contact Author)

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Anna V. Yurko

University of Texas at Austin - Department of Economics ( email )

Austin, TX 78712
United States

HOME PAGE: http://www.eco.utexas.edu/~yurko

National Research University Higher School of Economics

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

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