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.
Oh it would be great to have a review like this! Excited to read.
I like how simple baby bonuses are, but I'm starting to think that in-kind transfers like childcare vouchers are more likely to get passed. I would be interested to read work that looks at these policies more from the lens of political strategy.
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.
Oh it would be great to have a review like this! Excited to read.
I like how simple baby bonuses are, but I'm starting to think that in-kind transfers like childcare vouchers are more likely to get passed. I would be interested to read work that looks at these policies more from the lens of political strategy.