Transcript
Stephen Dubner (0:01)
This message is brought to you by Apple Card. Apply for Apple Card today and start earning up to 3% daily cash back on everyday purchases. And that daily cash can even grow automatically when you open a High Yield Savings account through Apple Card. What are you waiting for? Visit Apple Co CardCalculator today to see how much daily cash you can earn. Subject to credit approval Savings available to Apple Card owners subject to eligibility savings and Apple Card by Goldman Sachs Bank USA Member FDIC terms and more at applecard.com Freakonomics Radio is sponsored by Mint Mobile with plans starting at 15 bucks a month. Mint Mobile gives you premium wireless service on the nation's largest 5G network this year. Skip breaking a sweat and breaking the bank. Get your summer savings and shop premium wireless plans@mintmobile.com Phreak that's mintmobile.com freak upfront payment of 45 doll for a 3 month 5 gigabyte plan required equivalent to $15 per month new customer offer for the first 3 months only. Then full price plan options available, taxes and fees extra. See Mint Mobile for details. So you got your PhD in economics from Harvard. I know that you and your husband have eight children and you are stepmom to six more children from your husband's first marriage. I'm guessing there are not many other Harvard educated economists who have 14 children.
Katherine Pakalak (1:39)
I don't know of any. Absence of evidence isn't evidence of absence, but I don't know of any.
Stephen Dubner (1:45)
Katherine Pakalak is an economics professor at the Catholic University of America. I asked about her main areas of.
Katherine Pakalak (1:53)
Research, education, schools, fertility, family formation.
Stephen Dubner (1:58)
And what would you say you bring to those topics that the media and economists might not bring?
Katherine Pakalak (2:05)
I think I bring to the table a large number of things that are outside of the field. And you know, of course I'd be disingenuous if I didn't add that we'll have a lot of kids. And so that makes you think about things a little bit differently.
Stephen Dubner (2:19)
You might say that a lot of people have started to think differently about fertility and family formation. Fertility for decades, the great fear among demographers and politicians and environmentalists was overpopulation. They argued that the earth's resources Simply couldn't support 3 billion people, certainly not 5 billion or 8 billion, which is where we stand today. That fear hasn't totally gone away, but it has been joined by a fear of the opposite that there are now too few babies being born. Here's an astonishing the global fertility rate has fallen by more than half over the past 50 years. Why the answer to that question is complicated, and any solution is even more so. Today on Freakonomics Radio, we begin a three part series about the great arc of human life. The inspiration for this series was a famous painting by Gustav Klimt called Death and Life. It shows a healthy newborn lying serenely on a bed of flowers among a group of adults, most of them young women. But there, off to the side, is Death, a grim reaper smiling over this peaceful scene, knowing that he will win out in the end. That's the thing. Life is finite and life is precious. Does our knowing that it's finite make it even more precious? That's a deep question, one we probably won't be able to answer during this series. But it will surely be hovering over every minute. Our three part series, Cradle to Grave, starts now. This is Freakonomics Radio, the podcast that explores the hidden side of everything, with your host, Stephen Dubner. Donald Trump has declared himself the fertilization president and he wants Americans to have more babies. Why? Let's start with what's called the total fertility rate. That's the expected number of births that a woman would have over her lifetime. In the first half of the 19th century, the US fertility rate was over six babies per woman. In the late 1950s, it was 3.7. Today it's at 1.6 babies per woman, a record low. That also puts us well below the so called replacement rate of 2.1. That's the number needed to keep a population steady. So the Trump administration has proposed a variety of policies. A $5,000 baby bonus, federally funded fertility education programs, even a National Medal of Motherhood for women who have six or more children. Katherine Pakalik would certainly be eligible for that medal. She had six of her eight biological children while she was in graduate school. The oldest is now 25. She has found that people make assumptions about women with a lot of children.
