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Life-Cyle Fertility Behavior and Human Capital Accumulation

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  • George-Levi Gayle
  • Robert Miller

Abstract

This paper develops and implements a semiparametric estimator for investigating, with panel data, the importance of human capital accumulation, non-separable preferences of females and child care costs on females life-cycle fertility and labor supply behaviors. It presents a model in which the agents' expectations 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 affects utility, while time spent off the job in the past directly affects current utility(or, indirectly through productivity in the non-market sector). This paper then uses the estimates from the model to conduct different policy simulations which shows that human capital accumulation is the most important determinant of life-cycle fertility behavior.

Suggested Citation

  • George-Levi Gayle & Robert Miller, "undated". "Life-Cyle Fertility Behavior and Human Capital Accumulation," GSIA Working Papers 2004-E16, Carnegie Mellon University, Tepper School of Business.
    • Handle: RePEc:cmu:gsiawp:1764912820
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    File URL: https://student-3k.tepper.cmu.edu/gsiadoc/wp/2004-E16.pdf
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    Cited by:

    1. Diego Amador, 2017. "The Consequences of Abortion and Contraception Policies on Young Women’s Reproductive Choices, Schooling and Labor Supply," Documentos CEDE 15635, Universidad de los Andes, Facultad de Economía, CEDE.
    2. Adrián Nieto, 2018. "Permanent employment and fertility: The importance of job security and the career costs of childbearing," Discussion Papers 2018/01, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    3. Khorunzhina, Natalia & Miller, Robert, 2019. "American dream delayed: shifting determinants of homeownership," MPRA Paper 94832, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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