Question

Do you think that economic incentives and disincentives influence family size decisions, keeping in view the microeconomic theory of fertility? Explain your answer, giving some specific examples of such incentives and disincentives.

Answer 1

Answer:
Yes economic incentives and disincentives influence family size decision because of following mentioned reasons:

• Economic incentive helps in targeting the root cause of population increase or decrease more efficiently. For instance if a particular community population growth is lower than the average population growth of the nation, they can be given incentive apart from others.
• It's a good way to promote population stabilization of a country.
• Economic incentive provides motivation to the citizen to follow the suggestion if there is no side-effect of it.
• Few instances of countries which have followed this model is mentioned below:
  • Russia's population growth is going in negative trajectory to balance this, government have given financial incentives to the family who will have more child to increase population of their country.
  • China is the most populous country in the world, to curb population growth there they have created one child policy and its effect is seen in few years.

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