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Vintage specific learning-by-doing

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  • Juan Carlos Conesa

    (Universitat de Barcelona)

Abstract

This paper focuses on timing of fertility decisions, conditional on the level of educational attainment of parents. Timing of fertility and educational attainment of parents rationalize the negative relationship observed in the data between hourly wages and childbearing. It is shown how the recent evolution in total fertility rates observed in developed countries could be in part the result of a transition from an early childbearing regime to a late childbearing regime. I develop a general equilibrium overlapping generations model in order to understand the joint determination of timing of childbearing decisions together with other household economic decisions in a life cycle framework. I show how idiosyncratic uncertainty might have asymmetric eects on completed fertility depending on timing of childbearing, generating the dierences in completed fertility observed between households that dier in their level of educational attainment.

Suggested Citation

  • Juan Carlos Conesa, 1999. "Vintage specific learning-by-doing," Working Papers in Economics 47, Universitat de Barcelona. Espai de Recerca en Economia.
    • Handle: RePEc:bar:bedcje:199947
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J1 - Labor and Demographic Economics - - Demographic Economics

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