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Title: Responses of Female Labor Supply and Fertility to the Demographic Cycle
Resulting in 1 citation.
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Falaris, Evangelos M. Peters, H. Elizabeth |
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Responses of Female Labor Supply and Fertility to the Demographic Cycle Research in Population Economics 8 (1996): 63-89. Also: http://www.ncbi.nlm.nih.gov/pubmed/12320269 Cohort(s): Mature Women, NLSY79, Young Women Publisher: JAI Press, Inc. Keyword(s): Childbearing; Demography; Fertility; Labor Force Participation; Labor Supply; Labor Turnover; Modeling, Hazard/Event History/Survival/Duration; Wages We propose a model in which women alter the timing of childbearing and duration of time not working following childbearing in order to mitigate any adverse effects of the demographic cycle on their lifetime wages. The responses to the demographic cycle include both a standard opportunity cost argument women are more likely to leave the labor force when wages are low and a more complicated and forward looking cohort choice effect in which the timing of labor force participation can enable a woman to join a labor market cohort with a more favorable lifetime wage profile. We explore the reduced-form empirical implications of our model and estimate the importance of these two responses utilizing data from three cohorts of the National Longitudinal Surveys of Labor Market Experience which include women born from 1918-1964. The hazard rate estimates of the timing of the first birth and the return to work following that birth indicate that women who were born during the upswing of the demographic cycle begin childbearing earlier and return to work more quickly (holding schooling constant) than do women who were born during the downswing of the demographic cycle. These results imply that when responding to the demographic cycle, the cohort choice effect is more important than the opportunity cost effect. |
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Bibliography Citation
Falaris, Evangelos M. and H. Elizabeth Peters. "Responses of Female Labor Supply and Fertility to the Demographic Cycle." Research in Population Economics 8 (1996): 63-89.
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