The Career Costs of Children
The Career Costs of Children
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DOI:
10.1086/690952
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发表时间:
2017-04-01
影响因子:
8.2
通讯作者:
Stevens, Katrien
中科院分区:
文献类型:
--
作者:
Adda, Jerome;Dustmann, Christian;Stevens, Katrien
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.