ADOLESCENT FERTILITY, HUMAN CAPITAL, AND ADULT WAGES

年轻母亲的经济状况受到她们能力的影响， 来养活自己和孩子， 他们在青春期做的投资。 利用国家 青年纵向调查，我们研究了青少年的影响， 生育率对黑人受教育程度和工作经验的影响， 白色女人。 年轻女性在从亲属那里获得的支持方面会有所不同， 丈夫和公共资源，这将影响他们的能力， 继续上学或工作。 我们注重这种支持的作用 网络在减轻早育的影响方面发挥作用， 在获得私人支持方面的种族差异。 青少年生育率对成年人工资的影响分列为 直接影响和间接影响，通过减少年数， 正规教育和工作经验。 交互作用，如 教育和工作经验回报率的下降可能反映了 有家庭的年轻妇女投资强度较低 责任 这项研究建立在以前的工作，已经表明， 由于早育而造成的工资损失对黑人来说可能要比 但他没有研究这种差异的来源。 自始至终，我们都认识到青少年生育率是内源性的， 生命周期决策背景，并可能与 人力资本的预期成本和回报率。

The economic well-being of young mothers is influenced by their ability to support themselves and their children, and thus by the human capital investments they make during adolescence. Using the National Longitudinal Survey of Youth, we examine the effects of adolescent fertility on the educational attainment and work experience of black and white women. Young women will differ in the support available from kin, husbands, and public sources, and this will affect their ability to continue schooling or to work. We focus on the role such support networks play in alleviating the repercussions of early childbearing and on racial differences in the availability of private support. The impact of adolescent fertility on adult wages is disaggregated into a direct effect and indirect effects operating through reduced years of formal education and work experience. Interaction effects such as reduced rates of return to education and work experience may reflect a lower intensity of investment by young women with family responsibilities. This study builds on previous work that has shown that the wage losses due to early childbearing may be smaller for blacks than for whites but has not examined the sources of this difference. Throughout, we recognize that adolescent fertility is endogenous in a life-cycle decisionmaking context, and is likely to be related to expected costs and rates of return to human capital.