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The Child Benefit: Its Usage and Improvement Options

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dc.contributor.authorLee, So-Young
dc.contributor.authorYi, Jihye
dc.date.accessioned2024-06-10T02:06:02Z
dc.date.available2024-06-10T02:06:02Z
dc.date.issued2024-06-10
dc.identifier.urihttps://repository.kihasa.re.kr/handle/201002/45263
dc.description.abstractImplemented in September 2018 pursuant to the Child Benefits Act, the Child Benefit was initially paid to families in the bottom 90 percent of the countable-income distribution for children under 6 years of age. The Child Benefit was made universal in January 2019 and extended further in January 2022 to cover children up to 7 years old. Survey findings suggest that families primarily allocate the child benefits they receive toward expenses such as food and snacks, followed by purchases of baby-and-child items, savings, insurance, investment, and stocks for the child, as well as fees for private early education. Recipients gave the Child Benefit an overall satisfaction score of 5.7 on a 10-point scale, slightly above the midpoint. In addition, over 50 percent of respondents reported that the Child Benefit had a positive influence on their decision to have children. For the Child Benefit to better serve as a means of promoting the fundamental rights of children and as an effective response to low fertility situations, it should be made available to children over a wider age range and paid in increased amounts.
dc.formatapplication/pdf
dc.formatimage/jpeg
dc.format.extent7
dc.languagekor
dc.publisherKorea Institute for Health and Social Affairs
dc.titleThe Child Benefit: Its Usage and Improvement Options
dc.typeArticle
dc.type.localArticle(Series)
dc.description.eprintVersionpublished
dc.citation.titleResearch in Brief
dc.citation.volume122
dc.citation.date2024-06-10
dc.citation.startPage1
dc.citation.endPage7
dc.identifier.bibliographicCitationResearch in Brief, vol. 122, pp. 1 - 7
dc.date.dateaccepted2024-06-10T02:06:02Z
dc.date.datesubmitted2024-06-10T02:06:02Z
dc.subject.kihasa저출산대응
dc.subject.kihasa가족정책
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