Singapore wants to pay parents to help boost birth rate

Singapore announced plans to offer parents $55,000 per child to encourage people to have more children. Like many developed economies, the city-state's leaders are worried about a rapidly aging population and declining birth rate. But as The World's Host Carolyn Beeler learned from Berkay Ozcan, professor of social and public policy at the London School of Economics, such incentives are a short-term fix to an ongoing problem.