Sustainable Development Goals
Abstract/Objectives
The expected impacts of this project are as follows: First, the first part of this study provides an in-depth understanding of Taiwan’s saving and consumption behavior and analyzes the factors influencing Taiwan’s self-sufficiency in local capital accumulation, which can serve as a reference for formulating relevant policies. This is the first possible contribution to social and economic development. In addition, this section establishes a theoretical model to understand changes in savings rates, which will contribute to the literature on consumption and growth. Second, the second part of this study uses the Chinese family dynamic database to analyze the factors causing low fertility in Taiwan, which can be used as a reference for formulating policies to encourage childbirth. This is the second possible contribution to social and economic development. . Finally, the third part of this study establishes an overall model and uses quantitative analysis methods to construct the interactive relationship between consumption, savings, and fertility decisions. This part is based on the theoretical model and analyzes the causal relationship. This part provides academic insights into related fertility decisions. It will contribute to the development of theory.
Results/Contributions

The project "Economic Development and Social Change: Savings, Consumption, and Fertility Decisions" aims to explore the socio-economic dynamics in Taiwan concerning savings and consumption behaviors, capital accumulation, and fertility decisions. Initially, the research delves into analyzing Taiwan's savings and consumption behaviors by establishing a theoretical model. This not only aids in understanding changes in the savings rate but also provides a reference for policy formulation, which is crucial for the development of socio-economic policies. Moreover, the findings from this part of the study will contribute to the academic literature on consumption and economic growth.

The second part of the study utilizes the Chinese Family Panel Studies database to analyze various factors influencing the low fertility rate in Taiwan, providing valuable data support for the government to formulate policies encouraging childbirth. This offers not only a deeper understanding of Taiwan's fertility rate issues but also a theoretical and empirical basis for policy-making aimed at increasing fertility rates.

Finally, the third part of the project establishes a macroeconomic model through quantitative analysis methods to explore the interrelationships between consumption, savings, and fertility decisions. This macro model not only reveals the interdependencies among these economic behaviors but also provides new theoretical support and directions for the academic theory of fertility decisions. Through these comprehensive studies, the project has a profound impact on understanding and promoting socio-economic development in Taiwan and provides a solid foundation for future policy formulation and academic research.

Keywords
Consumption and saving behaviorfertility choiceTaiwan
Contact Information
盧姝璇
sslu@mx.nthu.edu.tw