Production Structure, Household Time Allocation, and Fertility

Masako Kimura and Daishin Yasui ()
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Daishin Yasui: Graduate School of Economics, Kyoto University

No 684, KIER Working Papers from Kyoto University, Institute of Economic Research

Abstract: This paper develops an overlapping generations model that incorporates two-sector (market and non-market) production, sexual difference, and fertility choice. Our model could explain the joint evolution of production structure, household time allocation, and fertility broadly observed in the 19th and 20th centuries in the Western world as part of a single process of economic development: (i) production has shifted out of households and into the market, (ii) males first increased their labor supply to the market, and then females increased it; married-female participation in wage work outside the home dramatically increased in the latter half of the 20th century, and (iii) there has been the secular decline in fertility over the last 200 years, but there was the temporary rise in the middle of the 20th century (inverted N-shaped fertility dynamics). We also provide the quantitative analysis and examine how well our model replicates the patterns observed in U.S. data.

Keywords: Fertility; Overlapping generations model; Structural change; Gender gap (search for similar items in EconPapers)
JEL-codes: J13 J16 O11 O41 (search for similar items in EconPapers)
Pages: 38pages
Date: 2009-11
New Economics Papers: this item is included in nep-dge
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Working Paper: Production Structure, Household Time Allocation, and Fertility (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:kyo:wpaper:684

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