Why do women wait? Matching, wage inequality and incentives for fertility delay


Caucutt, E.M., Guner, N. and Knowles, J. (2002) Why do women wait? Matching, wage inequality and incentives for fertility delay. Review of Economic Dynamics, 5, (4), 815-855. (doi:10.1006/redy.2002.0190).

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Original Publication URL: http://dx.doi.org/10.1006/redy.2002.0190

Description/Abstract

This paper explores the interaction between wage inequality and the marriage and fertility decisions of young women. We develop an equilibrium search model of marriage, divorce, and investment in children that allows for differential timing of fertility. We show how patterns of fertility timing in U.S. data can be explained by the incentives for fertility delay implied by marriage and labor markets. We find that these incentives help explain both the cross-sectional relationship between women's wages and fertility timing and the changes over the past 40 years in married women's fertility timing and labor supply.

Item Type: Article
ISSNs: 1094-2025 (print)
Related URLs:
Keywords: marriage, fertility, returns to experience
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 55062
Date Deposited: 31 Jul 2008
Last Modified: 27 Mar 2014 18:37
URI: http://eprints.soton.ac.uk/id/eprint/55062

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