Abstract
Abstract: The emergence of lowest‐low fertility in southern and eastern Europe dramatically changed the relationship between fertility and its covariates. Today, low fertility countries are characterized by low female labor force participation, low gender equity, robust marriage institution, and strong familism. It is assumed that the discrepancy between an advanced socioeconomic system and robust family patterns is an important cause of lowest‐low fertility. The Republic of Korea is a typical case where the conventional family pattern causes disharmony with socioeconomic development and depresses fertility. The direct cost of children has been rising rapidly because of the Confucian value of education and strong family ties. The tight labor market conditions and the increasing uncertainty about the future are depressing nuptiality as well as marital fertility. The robustness of traditional gender role division checks the improvement in compatibility between work and the family and sustains the high opportunity cost of childbearing. Although the Korean government announced an ambitious pronatal program in 2006, the budget is so limited that its effect is questionable. Furthermore, a large part of the difference between moderately low and lowest‐low fertility is attributed to cultural patterns and is beyond family policy.
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