The Korean Journal of Economic Studies
Forcasting Young Childcare Services Based on Population and Household Structural Changes
Jihye Lee (Korea Institute for Health and Social Affairs) and Chulhee Lee (Seoul National University)Year 2024Vol. 72No. 3
Abstract
This study forecasts the future demand for the young childcare services by considering potential changes in the household structure, such as dual-income households, alongside demographic shifts. Despite the predicted decline in the young child population, the demand for public care services may not decrease proportionately due to the rise in dual-income families, coupled with an increased preference for public care based on household characteristics. The findings suggest that future childcare policies should account for not only the quantitative changes in the population but also the pace of household structure changes, the preferences for types of care based on household characteristics, and the demand for quality in terms of time and costs.