Skip Navigation
Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Busting the baby bust

By Megan McArdle
Sep 14 2007, 10:55 AM ET Comment

In a Slate Explainer, Michelle Tsai asks what can governments do to make fertility rates go up? and answers:

Throw cash at new parents, and make it easy for them to balance their careers and families. Government benefits—in the form of tax credits, for example, or state-run day care—can make raising children more manageable. Last year, Vladimir Putin proposed a number of benefits designed to encourage large families, like long maternity leaves and $8,900 cash subsidies for stay-at-home mothers who have a second child. Some governments go one step further, doling out dating advice along with financial incentives for babies.

In France and the Scandinavian countries, which have some of the highest fertility rates in Europe, parents get lots of government help. A French maman has at least 16 weeks of mandatory, paid maternity leave, as well as guaranteed job security and—if she has a third child—a monthly stipend of up to 1,000 euros for a year. In Norway, women are entitled to 10 months at their full salary or a year at 80 percent. Because these policies have been in place for decades, the countries' fertility rates are approaching 2.1, roughly the point where a population can sustain itself without immigration. Other nations are emulating this approach: Spain now offers a 2,500 euro bonus for every baby born. South Korea, which has one of the world's lowest fertility rates, shells out $3,000 per couple for in-vitro fertilization. And in Germany, where women have an average of 1.3 babies, Angela Merkel proposed up to 1,800 euros a month for stay-at-home parents, and more day-care centers to improve the public image of working moms—who have long been dubbed Rabenmütter, or "raven mothers." (Countries plan these financial incentives carefully to avoid drawing in too many poor parents—and creating a bigger lower class.)

But these are not very good examples. Almost all European countries have a lot of amenities for new mothers; some of those countries have high birth rates, and some of them low. America, which has many fewer amenities, has higher birth rates than Canada, which has a lot more government support for child-rearing. There's no very good evidence that a government can do much of anything to increase its birth rate. The main culprit seems to be opportunity cost: women have more fun things to do, these days, than spend time with toddlers. And even parenting with lots of free day care involves spending a lot of time with toddlers.

One interesting suggestion from a friend who is a recent new suburban parent is that America's car culture may be giving childbearing a big boost. Dragging a child around a city, even a family-friendly Canadian or northern European city, is a major hassle, especially since after you get home, all worn out and cranky from the expedition, chances are your urban apartment forces you to be in closer proximity to your child than is ideal for maintaining an even temper.



Presented by

More at The Atlantic

Anne Rice, 'Secret World of Arrietty': The Week Ahead in Pop Culture The Week in Pop Culture
The Reverent, Ridiculous Grammys The Reverent, Ridiculous Grammys
Government Employs 1 in 6 U.S. Workers—Where Are They? Government Employs 1 in 6 U.S. Workers—Where Are They?
The GOP Primary Is Badly Wounding Mitt Romney Why a Long Primary Fight Will Hurt Mitt Romney
The Global Dangers of Syria's Looming Civil War The Dangers of Syria's Looming Civil War

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
The Civil War National Portrait Gallery The Civil War
President Obama reflects on what Lincoln means to him and to America, in an introduction to our special issue. Read more ›
View All Correspondents

The Biggest Story in Photos

Athens in Flames

Feb 13, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?