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Demographic Transition and Economic Development in Korea
Koo,Sung Yeal 延世大學校經濟硏究所 1995 延世經濟硏究 Vol.2 No.1
Decomposition of the demographic factors behind Korea's rapid demographic transition show, that decline in marital fertility reduced CBR by 0.7∼0.6% point for each of the last three decades. Higher age at marriage explains additional 0.44% and 0.48% point of the decline in CBR during the 1960's and the 1980's. The empirical hypotheses taken by the main stream economic theory of fertility seem to fit well the Korean situation. Family income over the last 30 years has been rising rapidly, while prices of other goods and services had become relatively cheaper. Both consumption for adults and child quality seem to have increased substantially while fertility declined very rapidly.