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Title: A Quantitative Theory of the Gender Gap in Wages
Resulting in 1 citation.
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Erosa, Andres Fuster, Luisa Restuccia, Diego |
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A Quantitative Theory of the Gender Gap in Wages Working Paper 05-09, Federal Reserve Bank of Richmond and University of Toronto, September 2005. Also: http://www.richmondfed.org/publications/economic_research/working_papers/pdfs/wp05-9.pdf Cohort(s): NLSY79 Publisher: Federal Reserve Bank of Richmond Keyword(s): Birth Rate; Fertility; Human Capital Theory; Maternal Employment; Wage Gap; Wage Models; Wage Theory; Wages, Men; Wages, Women Permission to reprint the abstract has not been received from the publisher. Using panel data from the National Longitudinal Survey of Youth (NLSY), we document that gender differences in wages almost double during the first 20 years of labor market experience and that there are substantial gender differences in employment and hours of work during the life cycle. A large portion of gender differences in labor market attachment can be traced to the impact of children on the labor supply of women. We develop a quantitative life-cycle model of fertility, labor supply, and human capital accumulation decisions. We use this model to assess the role of fertility on gender differences in labor supply and wages over the life cycle. In our model, fertility lowers the lifetime intensity of market activity, reducing the incentives for human capital accumulation and wage growth over the life cycle of females relative to males. We calibrate the model to panel data of men and to fertility and child related labor market histories of women. We find that fertility accounts for most of the gender differences in labor supply and wages during the life cycle documented in the NLSY data. |
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Bibliography Citation
Erosa, Andres, Luisa Fuster and Diego Restuccia. "A Quantitative Theory of the Gender Gap in Wages." Working Paper 05-09, Federal Reserve Bank of Richmond and University of Toronto, September 2005. |