 Life-Cycle Fertility and Human Capital AccumulationGeorge-Levi Gayle () and Robert A. Miller No 2003-16, GSIA Working Papers from Carnegie Mellon University, Tepper School of Business Abstract: This paper develops and implements a semiparametric estimator for investi-gating, with panel data, the importance of human capital accumulation, nonsep-arable preferences of females and child care costs on females life-cycle fertility and labor supply behaviors. It presents a model in which the agents’ expecta-tions 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 a ?ects utility, while time spent o ?the job in the past directly a ?ects current utility( or, indirectly through productivity in non-market sector). This paper then uses the estimates from the model to conduct di ?erent policy sim-ulations which shows that human capital accumulation is the most important determinant of life-cycle fertility behavior. Date: 2002-11 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cmu:gsiawp:-1750215465 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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