Singapore's policymakers have long battled the country's low birth rate, and even a recent helping hand from start-ups may not be enough to offset looming economic pressures.
Dual-income families are the norm in the pricey city-state and the lack of time for family is frequently cited as a significant factor influencing couples' decisions on how many children to have, if they have any at all.
Singapore law provides for four months of paid maternity leave and in recent years the government has offered cash incentives of up to $18,000 for parents who have five children or more, and also legislated for a second week of paid paternity leave, but the measures have met with little success. Singapore's total fertility rate was 1.24 in 2015, far below the ideal replacement level of 2.1 needed to keep the population from shrinking.
Entrepreneurs like Tjin Lee are stepping in. Full story...
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Dual-income families are the norm in the pricey city-state and the lack of time for family is frequently cited as a significant factor influencing couples' decisions on how many children to have, if they have any at all.
Singapore law provides for four months of paid maternity leave and in recent years the government has offered cash incentives of up to $18,000 for parents who have five children or more, and also legislated for a second week of paid paternity leave, but the measures have met with little success. Singapore's total fertility rate was 1.24 in 2015, far below the ideal replacement level of 2.1 needed to keep the population from shrinking.
Entrepreneurs like Tjin Lee are stepping in. Full story...
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