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Title: A Life Cycle Model of Fertility and Female Labor Supply with Stochastic Births
Resulting in 1 citation.
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Klepinger, Daniel H. |
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A Life Cycle Model of Fertility and Female Labor Supply with Stochastic Births Ph.D. Dissertation, University of Washington, 1988 Cohort(s): Young Women Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Child Care; Children; Endogeneity; Fertility; Heterogeneity; Labor Force Participation; Labor Supply; Life Cycle Research; Wages; Women In this paper a lifecycle model of female labor supply and fertility is developed and empirically tested. Both fertility and labor supply are treated as fully endogenous, a factor that distinguishes it from most previous work. Births are treated as stochastic, allowing for unexpected supply shocks and heterogeneity in fecundity. Child quality and care constraints are also included in the model. The formal model is solved using the methods of optimal control. Fewer restrictions are placed on the mother's time allocation in this model. The data used to test the theory presented here were obtained from the Young Women file of the NLS. The empirical results generally provide strong support for the theory that labor supply rises with the wage and declines with the number of children already born. Young children have a larger negative impact on labor supply than older children. Births are negatively related to the wage, number and age of existing children and positively related to the number of months since last birth. Finally, the empirical results provide support for the hypothesis of economies of scale in home care. |
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Bibliography Citation
Klepinger, Daniel H. A Life Cycle Model of Fertility and Female Labor Supply with Stochastic Births. Ph.D. Dissertation, University of Washington, 1988. |