The Career Costs of Children

• 成果类型: Article
• 署名作者: Adda, Jerome; Dustmann, Christian; Stevens, Katrien
• 署名单位: Bocconi University; University of London; University College London; University of London; University College London; University of Sydney
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/690952
• 发表日期: 2017
• 页码: 293-337
• 关键词: labor-force participation; discrete-choice models; technological-change; Tax incentives; married-women; skill content; FEMALE WAGES; fertility; GENDER; earnings

摘要

We estimate a dynamic life cycle model of labor supply, fertility, and savings, incorporating occupational choices, with specific wage paths and skill atrophy that vary over the career. This allows us to understand the trade-off between occupational choice and desired fertility, as well as sorting both into the labor market and across occupations. We quantify the life cycle career costs associated with children, how they decompose into loss of skills during interruptions, lost earnings opportunities, and selection into more child-friendly occupations. We analyze the long-run effects of policies that encourage fertility and show that they are considerably smaller than short-run effects.