{771} revision 2 modified: 01-03-2012 02:36 gmt

Demography: Babies make a comeback

  • The mathematical/ecomomic analysis of birth rates seems almost farcical to me without proper consideration of another vital point: culture. Yes, women may want to delay or renounce children to work, become more educated, travel, amass riches etc - but these are all strongly influenced by culture.
  • Another thought that they did not mention is that raising well-educated children is very expensive in developed countries - perhaps there is a tipping point where the parents have more than enough money to raise their kids to their satisfaction. (That said, I think this is less than likely given that parents are very competitive, at least in the US, with the education and support of their children).
  • Perhaps some understanding of why people in developed countries have children in the first place is warranted. I might recommend asking them to find out :-) Such information would help any purely economic theory.