Understanding women's wage growth using indirect inference with importance sampling

Robert Sauer and Christopher Taber

Journal of Applied Econometrics, 2021, vol. 36, issue 4, 453-473

Abstract: The goal of this work is to investigate the effects of time out of the labor market for childcare on women's lifecycle wage growth. We develop a dynamic lifecycle model of human capital, fertility, and labor supply for women. We estimate by indirect inference using importance sampling and formalize the use of this procedure. The results indicate a modest effect of fertility‐induced non‐employment spells on human capital accumulation. The difference in human capital among prime‐age women would be approximately 2.4% higher at its peak if the relationship between fertility and working were eliminated, and 4.7% higher if the relationship between marriage and fertility was also eliminated.

Date: 2021
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https://doi.org/10.1002/jae.2818

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Persistent link: https://EconPapers.repec.org/RePEc:wly:japmet:v:36:y:2021:i:4:p:453-473

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