 Life-Cyle Fertility Behavior and Human Capital AccumulationGeorge-Levi Gayle () and Robert Miller No 2004-E16, GSIA Working Papers from Carnegie Mellon University, Tepper School of Business Abstract: This paper develops and implements a semiparametric estimator for investigating, with panel data, the importance of human capital accumulation, non-separable preferences of females and child care costs on females life-cycle fertility and labor supply behaviors. It presents a model in which the agents' expectations are correlated with their future choices and provides a set of conditions under which statistical inferences are possible from a short panel. Under the assumption that observed allocations are Pareto optimal, a dynamic model of female labor supply, labor force participation and fertility decision is estimated. In that model, experience on the job raises future wages, time spent nurturing children affects utility, while time spent off the job in the past directly affects current utility(or, indirectly through productivity in the non-market sector). This paper then uses the estimates from the model to conduct different policy simulations which shows that human capital accumulation is the most important determinant of life-cycle fertility behavior. New Economics Papers: this item is included in nep-cmp Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cmu:gsiawp:1764912820 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in GSIA Working Papers from Carnegie Mellon University, Tepper School of Business Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213-3890. |
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