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J.K. Lund's avatar

You are absolutely correct here. I just finished an essay on this (publishing in a few weeks). The Total Fertility Rate (TFR) can be misleading as it is influenced by age of pregnancy.

I also researched some approaches to stabilizing fertility, the most effective (spoiler alert) seems to be subsidized childcare. But I suggested simply giving parents cash which could be used for childcare, education, or whatever is in the interests of the parents. The $5k figure you cited, feels correct.

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