Before having our first baby last year, we wondered whether we had the money, time and necessary skills to raise a child. Perhaps you find yourself contemplating the same? Many people certainly have, as birth rates have been declining across the world for the past 200 years.
Research attributes this trend to the escalating demand for these three resources. Since the 1970s, economists have argued that the increasing need for money, time and skills is rooted in the belief that all three resources are crucial investments in a child’s education, or “human capital”, preparing them for a successful and self-determined life.
