Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324977 
Year of Publication: 
2025
Series/Report no.: 
CESifo Working Paper No. 11986
Publisher: 
CESifo GmbH, Munich
Abstract: 
We study the impacts of childbirth on maternal mental health, the role of pro-natalist cash transfers, and the fertility consequences of maternal mental health. Using claims-level data from South Korea's universal healthcare system, we find that mental health diagnoses rise by 34.8% (198.7%) after the first (second) birth. We find little evidence that cash transfers mitigate these effects. As potential mechanisms, we examine liquidity constraints, labor market changes, time use, and social stigma. Lastly, we document that poor mental health after childbirth is negatively associated with the likelihood of having another child.
Subjects: 
mental health
pro-natalist cash transfers
fertility
JEL: 
J13
I10
H75
Document Type: 
Working Paper
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