Often, when we look at disincentives for childbearing, we think of them in terms of opportunity costs for the individual. But if children are cumulatively being considered a societal good, we should also weigh the cumulative opportunity costs to the individuals as a societal tradeoff. It seems to me that Ron Hosh's substack (of "luxury belief" fame) generally lives up to its tagline of "general incoherence," but he raised this point/question in this post. The kids have to come from somewhere; what tradeoff(s) should society make?
Teenage pregnancy? Major tradeoff against developing the human capital of the parents and, thusly, the parents' ability to develop the human capital of the children. (And, if you want to follow the HBD line of inquiry, you might hypothesize dysgenic selection effects.)
College students? Lesser tradeoff than above, but same general issue.
20-something professionals? We're taking human capital out of the economy, just after investing in its development, rather than trying to maximize its compound interest.
Hosh also brings up geography and sexual orientation (same-sex couples using IVF is a thing), though I don't think the tradeoffs here are as clear.
Have any of you thought about this? My answer to "Which couples should be having more children" is "All the couples who don't have as many children as they want" which I don't think cleaves cleanly enough across any demographic to give a more clear tradeoff than the subsidies required to support the children not-conceived out of financial concern. But others here are more open to social engineering than I am.
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Notes -
If we want to look into drags on the economy and human capital, what about the insane cost of pensions and healthcare for the senescent? There's zero economic return for trillions in redistribution to people who can't work.
The underlying cause is that people don't want to do away with pensions and take money from grandma (stop grandma taking money from the young, there's no pot of gold that is waiting for her besides her own savings). It's an intergenerational transfer.
All politics is about giving and taking, costs and benefits.
Free cigarettes and brandy for retirees?
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