The U.S. birth rate is falling. One explanation: a diminishing return on investment.
Posted by: Jennifer chang
By Ben Stein,
(Fortune Magazine) -- What is the value of a child in modern Western industrial society? More specifically, what is the value of a middle-class or upper-middle-class or upper-class child in America? And does this have anything to do with the fact that the birth rate among American women has been falling for decades and that the age of first childbirth among educated women is far higher than among less-well-educated women?
Start with economics. People in a free society will choose to have more of something if its return exceeds its cost. On the other hand, people in a free society will choose to have less of a good or service if its value is less than its cost. ... Click to Read More
Start with economics. People in a free society will choose to have more of something if its return exceeds its cost. On the other hand, people in a free society will choose to have less of a good or service if its value is less than its cost. ... Click to Read More
Seems kind of crude to put a dollar value on a child, but it actually is a relevant discussion with how costly it is to raise a child. - Zachary Pienkowski
ReplyDeleteI agree with Zachary, it is not nice to put dollar value on a child,and it is also true that raising up a child is not easy now a days.Specially for a single parent its very hard.- Anshu Dixit
ReplyDelete