Profiles of Fertility, Labour Supply and Wages of Married Women: A Complete Life-Cycle Model

Robert Moffitt

214 citations0/0 files storedThe Review of Economic Studies

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Gender, Labor, and Family Dynamics Labor market dynamics and wage inequality Labour Market and Migration

Abstract

This paper is an econometric examination of female fertility and labour-supply decisions. Based upon utility-maximizing choice, fertility and labour-supply demand functions are specified and estimated jointly with a wage-accumulation equation. A main contribution of the paper is the demonstration of a maximum-likelihood estimation method which avoids the main selectivity-bias problems in this area.

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References

1965A Theory of the Allocation of Time n.d.Economics of the Family: Marriage, Children, and Human Capital 1974Shadow Prices, Market Wages, and Labor Supply 1960An Economic Analysis of Fertility 1973A New Approach to the Economic Theory of Fertility Behavior 1980An Empirical Model of Labor Supply in a Life Cycle Setting 1980A Life Cycle Model of Female Labour Supply 1982A Computationally Efficient Quadrature Procedure for the One-Factor Multinomial Probit Model

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2009How does Parental Leave Affect Fertility and Return to Work? Evidence from Two Natural Experiments*2006Changes in women's hours of market work: The role of returns to experience 1996Female Labour Supply and Marital Status Decisions: A Life-Cycle Model 2001Binary Choice With Binary Endogenous Regressors in Panel Data 1989A microeconomic analysis of the timing of births 2010THE ROLE OF LABOR AND MARRIAGE MARKETS, PREFERENCE HETEROGENEITY, AND THE WELFARE SYSTEM IN THE LIFE CYCLE DECISIONS OF BLACK, HISPANIC, AND WHITE WOMEN*

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