The Impact of the COVID-19 Pandemic on Korea’s Regional Economies

Kang, Duyong; Min, Seong-hwan

doi:10.2139/ssrn.4323500

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“…In Korea, regional differences in fertility (Figure 1b) have been documented in relation to socioeconomic factors (Jung et al 2019). The spread of the pandemic, the social-distancing measures imposed, and the economic shocks caused by the pandemic differed considerably across regions in Korea (Kang and Min 2021;. During the first wave of the pandemic, Deagu and Gyeongbuk were declared as special disaster regions and imposed with strong social-distancing measures.…”

Section: Introductionmentioning

confidence: 99%

Subnational variations in births and marriages during the COVID-19 pandemic in South Korea

Jung¹,

Lee²

2023

DemRes

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BACKGROUNDIt has been postulated that the COVID-19 pandemic will contribute to fertility decline, especially in low-fertility contexts. Little is known how the consequences of the pandemic differed at the subnational level. OBJECTIVEWe investigated whether fertility declined beyond the first wave in early 2020 at both the national and the subnational levels in South Korea. We also examined marital rates, given that delayed marriage is a strong driver of low fertility in many East Asian countries. METHODSBased on monthly birth and marriage registration data for the period from January 2016 to December 2021, we quantified monthly general fertility and marital rates before and after the pandemic across the 17 regions in Korea. We used paired t-tests and interrupted time-series analysis to compare before and after fertility or marital rates. RESULTSOur analysis suggests that, at least until 2021, fertility rates did not decline beyond the pattern explained by the already declining fertility in Korea. For marriages, we observed a clear post-pandemic decline across regions. Subnational variations in the impact of the pandemic were larger for fertility than for marriage. CONCLUSIONSDespite little evidence that the pandemic directly affected the number of births, the reduction in marriages is likely to have a significant impact on fertility in the coming years.

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Section: Introductionmentioning

confidence: 99%