Why millennials are having less sex
An economic concept has been applied to millennials as a method of explaining why young people are having less sex.
According to Allison Schrager, an economist and author of An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk, the decreasing rate of young people having sex can be defined through the study of risk.
The basis of the decline, according to Schrager, has to do with a concept called risk-free asset, which makes up the foundation of the decisions people make.
For millennials, who have been generalised as being more risk-averse than previous generations, the ultimate risk-free return is not leaving the house, Schrager suggests, which has ultimately led to a decrease in sex.
Describing how people no longer need to leave the ho...