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The contraceptive pill had profound social consequences. Everyone agrees with that. But - as Tim Harford explains - the pill wasn't just socially revolutionary. It also sparked an economic revolution, perhaps the most significant of the late twentieth century. A careful statistical study by the Harvard economists Claudia Goldin and Lawrence Katz strongly suggests that the pill played a major role in allowing women to delay marriage, delay motherhood and invest in their own careers. The consequences of that are profound.

Producer: Ben Crighton
Editors: Richard Knight and Richard Vadon.