Career and Family Choices in the Presence of Uncertainty
Review of Business and Economic Literature, 2011, vol. 56, issue 3, 330-345
It is well known that womenâ€™s career outcomes are tied to fertility decisions and that occasionally educated women who had planned to stay in the labor market after childbirth exit the market. We examine womenâ€™s career, fertility, and educational choices in an environment of uncertainty regarding the possibility of achieving both a high-powered career and a family. In a simple framework, we show that although women may prefer to have both a prestigious career and a family they may choose a less prestigious job or no family due to the uncertainty involved in being able to achieve both a career and family. In an overlapping generations model, we examine how womenâ€™s beliefs about the probability of a career separation due to family obligations are formulated and show that a simple belief updating structure exists in which future generationâ€™s beliefs may converge and certainly do not diverge from the true probability of a career separation.
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Persistent link: https://EconPapers.repec.org/RePEc:sen:rebelj:v:56:i:3:y:2011:p:330-345
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