A cohort analysis of female labor participation rates in the U.S. and Japan
AbstractAggregate data of female labor participation rates in U.S. and Japan, classified by period and by age, are decomposed into age, period, and cohort effects using innovative Bayesian cohort models that were developed to overcome the identification problem in cohort analysis. The main findings are that in both countries, age effects are the largest and period effects are the smallest; in both countries, age effects are roughly consistent with life-cycle movements expected by labor economics, but the negative effects of marriage and/or childbearing on women?’s labor supply in Japan are much larger than those observed in the U.S.; and in both countries, upward movements of cohort effects during 1930s–1960s were found. However, cohort effects are larger for the U.S. than for Japan. All the cohort results are roughly consistent with the marriage squeeze hypothesis and the Easterlin hypothesis. Copyright Springer Science+Business Media, LLC 2006
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Bibliographic InfoArticle provided by Springer in its journal Review of Economics of the Household.
Volume (Year): 4 (2006)
Issue (Month): 4 (December)
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Age–period–cohort decomposition; Bayesian cohort model; Female labor participation rates; C10; J21;
Find related papers by JEL classification:
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
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