Awkward truth: Subsidizing women’s work drives down birthrates

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Birthrates are low and falling in the United States, and commentators and policymakers are starting to realize this is a problem.

It’s tempting to assume that this is about affordability: People aren’t getting married and having children because they can’t afford it! This is partly true, and so it’s partly true that we can drive up birthrates by giving money to would-be parents.

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