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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.

Selfish Reasons Not to Have More Kids

By Megan McArdle
Jun 19 2010, 4:44 PM ET Comment

[Will Wilkinson]

My friend and George Mason University economist Bryan Caplan has been working on a book on "Selfish Reasons to Have More Kids" and offers a précis of his argument in today's Wall Street Journal. I've been pretty critical of Bryan's argument in the past and I see no reason in this piece to let up.

Angus (aka Kevin Grier) at Kids Prefer Cheese I think sums up Caplan's case pretty well:

1. In happiness research, the big negative hit comes from having one child. Once you've passed that, the extra unhappiness from having more is fairly small.

2. Parents have little to no influence on how their children turn out, so you can relax, not bother to read to your extra kids or make costly "investments" on their behalf.

3. The more kids you have, the more grandkids you might get and everyone knows grandkids are *awesome*!
I have problems with each of these lines of arguments, but let me concentrate here on happiness research. Bryan really struggles with the fact that children tend to have a negative effect on self-reported happiness. (Most economists are dismissive of survey evidence, but, to his credit, Bryan isn't.) He tries to minimize the damage this finding does to his argument by pointing out that the negative effect is small for the first kid, and even smaller for additional kids. But it remains that if one is trying to maximize happiness, no kids appears to be the best bet and fewer is better than more.

Of course, self-reported happiness is just one dubiously reliable piece of evidence about the effect of kids on well-being. The trouble with Bryan's strategy in the WSJ essay is that he resorts to even less reliable survey evidence to support his position. He cites polls that show that people tend not to report regrets about having had kids, but that a large majority of those who have not had kids say that would choose to have them if they "had it to do over again." Now, Darwinian logic suggests that the belief that one would be better off without children will not tend to be widespread. That is, as Harvard psychologist Daniel Gilbert argues, we should expect to find conviction in the satisfactions of parenthood to be strong and all-but universal whether or not those convictions reflect the truth. So one would want check them against, say, the self-reported life satisfaction of those with and without children. Or, if one is inclined to think like an economist, one might say "talk is cheap" and check these beliefs against what people actually do.

In that case, what one finds is that increases in average levels of education, levels of disposable income, gender equality, and access to birth control -- that is, increases in the ability of people (and especially women) to deliberately control the conditions of their own lives -- generally lead people to choose a smaller rather than larger number of children. As far as I can tell, Bryan's response is that it "lacks perspective" to take at face value this truly striking tendency of choice under conditions of increasing personal control. If Bryan really thinks rising education, wealth, and gender equality have somehow made us worse at evaluating the costs and benefits of children, he probably ought to turn in his economist card.

None of this is to say that there aren't excellent reasons to have families larger than the relatively small rich-country norm. It's just that these tend not to be the kinds of reasons economists consider "selfish."

Happy Father's Day, fathers! Which reminds me, I need to remember to call my Dad, who I hope isn't in it for the phone calls. 


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