We estimate a dynamic life-cycle model of labor supply, fertility and savings, in- corporating occupational choices, with specific wage paths and skill atrophy that vary over the career. This allows us to understand the trade-off between occupational choice and desired fertility, as well as the sorting both into the labor market and across oc- cupations. We quantify the life-cycle career costs associated with children, how they decompose into loss of skills during interruptions, lost earnings opportunities and selec- tion into more child-friendly occupations. We analyze the long-run effects of policies that encourage fertility and show that they are considerably smaller than short-run effects.

The career costs of children

ADDA, JEROME FRANS;
2017-01-01

Abstract

We estimate a dynamic life-cycle model of labor supply, fertility and savings, in- corporating occupational choices, with specific wage paths and skill atrophy that vary over the career. This allows us to understand the trade-off between occupational choice and desired fertility, as well as the sorting both into the labor market and across oc- cupations. We quantify the life-cycle career costs associated with children, how they decompose into loss of skills during interruptions, lost earnings opportunities and selec- tion into more child-friendly occupations. We analyze the long-run effects of policies that encourage fertility and show that they are considerably smaller than short-run effects.
2017
Adda, JEROME FRANS; Dustmann, Christian; Stevens, Katrien
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/3990762
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