The Economic Boost of Taiwan's IVF Subsidy: A Closer Look

In 2021, Taiwan introduced changes to its assisted reproduction subsidy scheme, specifically for in vitro fertilization (IVF). But what's the real impact on the country's economy? Let's dive in. The main idea is to estimate the public economic gains from these subsidy changes. It's all about the money the government could gain in the long run, thanks to the children born from these IVF treatments. So, how do they figure this out? They look at the projected lifetime net taxes of these future kids. It's like planning for the future income that will eventually come from these new lives. Pretty smart, huh? This isn't just about the immediate costs of subsidies; it's about seeing the big picture and the long-term benefits. But why is this important? Well, understanding the fiscal impact helps the government make better decisions. It's like balancing a budget, but on a much larger scale. By knowing how much they could gain, they can decide if the subsidy changes are worth it. It's all about weighing the costs against the potential benefits.