The economics of birth control. With Martha Bailey

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• 00:00

  When it comes to women controlling their own economic destinies,

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  perhaps nothing has had a more profound impact than the contraceptive pill.

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  Indeed, you could argue that access to the pill has transformed entire economies.

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  But in the US, things might be on the cusp of change.

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  Earlier this year,

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  the Trump administration froze some federal funding for subsidized access to contraceptive services.

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  And that has made understanding the economic consequences of contraception all the more pressing.

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  Welcome to the Economic Show from the Financial Times.

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  I'm Sarah O'Connor, Employment Columnist here at the FT,

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  and today I'll be speaking with Martha Bailey.

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  Martha is a professor in the Department of Economics and Director of the California Center for Population Research at UCLA.

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  She's a leading figure in the study of American inequality and social policy.

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  Thank you for joining us, Martha.

• 00:51

  Thanks for having me.

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  Now,

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  we often do this thing on the economic show where we begin by asking our guests to rate something on a scale of one to ten.

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  So my question to you,

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  the Trump administration appears to be walking back access to free birth control for some people on lower incomes.

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  How worried are you about the economic consequences of this on a scale where one is highly relaxed and ten is extremely concerned?

• 01:18

  I would give that one a ten.

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