While the western world celebrates the 50th anniversary of the pill, an American economist, Timothy Reichert*, using simple but powerful competition theory, is questioning its benefit to women.

The Mating Market

The theory goes thus: There used to be just one ‘mating market’. If a person wanted sex, it was readily available in marriage and was socially discouraged and proportionally rare outside marriage. Thus sex and marriage were united in a single ‘mating market’ and, because there are roughly equal numbers of men and women, this was a ‘balanced market’ and hence, equally fair to both sexes.

The Sex Market

With the advent of oral contraception and the sexual revolution, the mating market was fractured.  Sex became widely available outside marriage and, as a result, we now have two markets: the ‘sex market’ and the ‘marriage market’. While men and women typically enter the sex market at the same rate, due to the threat of declining fertility, women tend to enter the marriage market earlier than men, creating an oversupply of women in the marriage market. As every economist knows, imbalances in supply and demand cause an imbalance in power… and, in this case, women are the clear losers.

A Disadvantage to Women

Competition in the marriage market, where older (financially successful) men favour young, more fertile women, becomes increasingly brutal the longer a woman inhabits this market looking for a husband. In contrast, by delaying entry into the marriage market, men gain a competitive edge as they amass more financial resources.  Unlike women, they can enter the marriage market later and populate it longer with little cost, as their fertility has more longevity and they do not have to forgo sex in the meantime. It’s a classic win/lose scenario.

Pill Myth Uncovered

The Pill and its associated ‘reproductive rights’ have been welcomed by many as instrumental in emancipating women. Yet Reichert’s ‘market analysis’ calls into question whether it has really liberated women or merely enslaved them to a different master. Free sex?… if something sounds too good to be true, it usually is.

 

* Timothy Reichert, “Bitter Pill”, First Things, April, 2010

 

Discern the Right Path