Singapore has overhauled its baby bonus scheme. Will it work to boost birth rates this time?

Singapore is overhauling its landmark baby bonus scheme, first introduced in 2001, as the city’s fertility rate and number of births fall to record lows. Persistently low birth rates could threaten a country’s ability to sustain its economy. “Smaller younger cohorts enter the workforce while the older population continues to grow…over time, that places greater pressure on labour supply and the tax base,” says Chua Yeow Hwee, an economist at Singapore’s NTU.

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