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Title: Profiles of Fertility, Labour Supply, and Wages of Married Women: A Complete Life-Cycle Model
Resulting in 1 citation.
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Moffitt, Robert A. |
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Profiles of Fertility, Labour Supply, and Wages of Married Women: A Complete Life-Cycle Model Review of Economic Studies 51,2 (April 1984): 263-278. Also: http://www.jstor.org/stable/2297691 Cohort(s): Mature Women Publisher: Blackwell Publishing, Inc. => Wiley Online Keyword(s): Endogeneity; Fertility; Labor Supply; Life Cycle Research; Simultaneity; Wages; Wives A complete model of female labor supply and fertility choice is constructed and estimated in this paper. The model is more complete than previous models in several respects. Labor supply and fertility are modeled as completely joint, simultaneous choices; both are modeled as sequential, life-cycle decisions, and the life-cycle path of wages is introduced explicitly, showing that time spent out of the labor market results in foregone present and future earning power. Labor supply and fertility profiles are shown to shift in response to shifts in the profile of wages. Econometrically, a full-information maximum-likelihood procedure is used which accounts for the selectivity problems present when wages are available only in periods in which a woman works, for the endogeneity of past work experience in the wage-generating function, and for simultaneous-equations bias. |
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Bibliography Citation
Moffitt, Robert A. "Profiles of Fertility, Labour Supply, and Wages of Married Women: A Complete Life-Cycle Model." Review of Economic Studies 51,2 (April 1984): 263-278.
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