New study: How the taxman impacted South Korea's fertility rate (Brunel/5 Feb 2025)

Brunel University London reports that South Korea’s fertility decline may be linked to past tax hikes. Researchers found that major tax increases in the 1970s reduced disposable income, discouraging childbirth, while tax cuts in the 1990s eased this impact. They warn that high taxes contribute to demographic challenges and suggest family-friendly tax policies, such as child tax credits, to support population growth and economic stability.