PERSONAL HEALTH : A Box of Condoms Is Much Cheaper
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We all take our chances with love, knowing the cost can sometimes be pretty high. But who would have guessed that with each act of unprotected sex, a young man risks losing exactly $660?
University of Chicago economist Robert T. Michael came up with that figure last year in a paper he wrote on the increasing demand for men’s contraception.
To get the figure, Michael calculated the probability of conception (.03%); the likelihood of a live birth (.5%); the likelihood that the father would be identified and held responsible for child support (.75%); and how much he would be required to pay over the child’s first 18 years of life (based on 15.9% of an adjusted gross income of $2,000 a month.)
