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And that issue is exacerbated in the U.S. with the worst parental-leave policy among developed nations.

NYC's TFR was 1.55 in 2021. London's TFR was 1.35 in 2024. Paris TFR was 1.27 in 2024. Other US cities are not really comparable to the European ones, but the broader point is that parental leave has nothing to do with TFR. Norway and Sweden have TFRs around 1.44 while the US has it 1.6-1.8

it's more like "having a child could cost me my high-paying job so I better not"...having a child is an opportunity cost in an urban environment

At least in the US and speaking generally, people with high incomes in urban areas move to suburbs once they have kids. I would like to see a citation for your "opportunity cost" claim, because high income jobs also come with good benefits like generous parental leave policies.

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