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Source: Institute for Social and Economic Research (ISER)
Resulting in 1 citation.
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Francesconi, Marco |
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A Joint Dynamic Model of Fertility and Work of Married Women ISER Working Paper 1998-02, Institute for Social and Economic Research -- University of Essex, February 1998 Also: http://www.iser.essex.ac.uk/publications/working-papers/iser/1998-02 Cohort(s): Young Women Publisher: Institute for Social and Economic Research (ISER) -- University of Essex Keyword(s): Childbearing; Employment, Part-Time; Fertility; Heterogeneity; Human Capital; Labor Force Participation; Labor Supply; Life Cycle Research; Wives Permission to reprint the abstract has not been received from the publisher. This paper estimates a dynamic structural model of fertility and labor supply of married women using data from the National Longitudinal Survey of Young Women, 1968--91. We distinguish two employment sectors, part-time and full-time work, which are found to differ by pecuniary and nonpecuniary returns and transferability of human capital. The model with unobserved heterogeneity in preferences for children and earning ability is shown to fit the data quite well in several ways, and produces reasonable forecasts of future labor force participation decisions. The estimation of the model reveals important features of the observed persistence in labor force states, intertemporal substitution of leisure over the life-cycle, and the effect of work interruptions, due to childbirth, on lifetime utility. |
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Bibliography Citation
Francesconi, Marco. "A Joint Dynamic Model of Fertility and Work of Married Women." ISER Working Paper 1998-02, Institute for Social and Economic Research -- University of Essex, February 1998. |