"We gave 1000 lucky participants $3.50 and a used bubblegum wrapper to share between them, but it didn't measurably increase their marginal propensity to have kids at all! Clearly the root problem couldn't possibly have anything to due with economics!"
It's wild how quick and eager economists are to discard money as a driving factor when the solution could possibly involve more social spending. If this were about taking credit for success, they would be tripping over themselves to explain how economics drives the cultural factors, lol.
As Lyman Stone wrote in 2020, “pro-natal incentives do work: more money does yield more babies… But it takes a lot of money. Truth be told, trying to boost birth rates to replacement rate purely through cash incentives is prohibitively costly.”
It's wild how quick and eager economists are to discard money as a driving factor when the solution could possibly involve more social spending. If this were about taking credit for success, they would be tripping over themselves to explain how economics drives the cultural factors, lol.