Author Description

Introduction Current status of support policies for childcare expenses in Korea 1. Cash grant policies 2. Childcare and education subsidy Analysis methodology Characteristics of analysis data and sample Key analysis results 1. Cash grant policies 2. Childcare and education service support policies Implications and future tasks childcare support policies,Cash grant policies,Childcare and education subsidy,fertility rate,marriage and childbirth The study examines how much childcare support policies, aimed at increasing birth rate by reducing the economic burden related to childcare, have relieved the economic burden of child rearing families, with the focus on the cash grant policies as well as childcare and education subsidy policies. Under the cash grant policies, the authors comprisAed cash benefits provided by the government for child rearing households and child-related tax reduction, including personal exemption and special exemption. Concerning childcare service policy, the amount of government subsidy for childcare and education services was compared with the actual expenses of each family. For the study, the Korea Welfare Panel Study's data for 2007 to 2011 was utilized. The results of the study show that while the amount of cash allowance that child rearing families receive increased due to the expansion of the government's cash grant program, tax benefits have not substantially risen. The 4th quintile income group appeared to receive less tax reduction benefits than the high-income groups and the lowest amount of cash allowance. The amount of cash benefit per child was not higher in the case of households with two or more young children than in those with one child. Although the government expanded the childcare and education subsidy for children aged between 0 and 5, the total amount of actual spending on the care and education of young children by house