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Explaining the Labor Force Participation of Women 20-24

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Author Info
Ray C. Fair () (Cowles Foundation, Yale University)
Diane J. Macunovich

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Abstract

Between about the mid 1960s and the late 1970s there was a remarkable rise in the labor force participation of women and then a leveling off that has persisted through the mid 1990s. This paper attempts to explain the labor force participation of women 20-24 over this period. A "relative income" variable is constructed based on Easterlin's (1980) relative income hypothesis, and this is found to be an important explanatory variable. Easterlin's "cohort wage" hypothesis is also used in the analysis. The basic equation estimated does very well in various tests that were performed on it, and it appears to explain well the rapid rise and then leveling off of the labor force participation of young women.

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File URL: http://cowles.econ.yale.edu/P/cd/d11a/d1116.pdf
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Publisher Info
Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number 1116.

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Length: 24 pages
Date of creation: Mar 1996
Date of revision:
Handle: RePEc:cwl:cwldpp:1116

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Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Blau, Francine D & Grossberg, Adam J, 1991. "Real Wage and Employment Uncertainty and the Labor Force Participation Decisions of Married Women," Economic Inquiry, Oxford University Press, vol. 29(4), pages 678-95, October.
  2. Andrews, Donald W K & Ploberger, Werner, 1994. "Optimal Tests When a Nuisance Parameter Is Present Only under the Alternative," Econometrica, Econometric Society, vol. 62(6), pages 1383-1414, November. [Downloadable!] (restricted)
    Other versions:
  3. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-54, July. [Downloadable!] (restricted)
  4. Butz, William P & Ward, Michael P, 1979. "The Emergence of Countercyclical U.S. Fertility," American Economic Review, American Economic Association, vol. 69(3), pages 318-28, June.
  5. Welch, Finis, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages S65-97, October. [Downloadable!] (restricted)
  6. O'Neill, June A, 1981. "A Time-Series Analysis of Women's Labor Force Participation," American Economic Review, American Economic Association, vol. 71(2), pages 76-80, May. [Downloadable!] (restricted)
  7. Michael L. Wachter, 1977. "Intermediate Swings in Labor-Force Participation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 8(1977-2), pages 545-576. [Downloadable!]
  8. Finis Welch, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," UCLA Economics Working Papers 146, UCLA Department of Economics. [Downloadable!]
  9. Schapiro, M.O., 1988. "Socio-Economic Effects Of Relative Income And Relative Cohort Size," Department of Economics Working Papers 113, Department of Economics, Williams College.
  10. Wachter, Michael L, 1972. "A Labor Supply Model for Secondary Workers," The Review of Economics and Statistics, MIT Press, vol. 54(2), pages 141-51, May. [Downloadable!] (restricted)
  11. Smith, James P & Ward, Michael P, 1985. "Time-Series Growth in the Female Labor Force," Journal of Labor Economics, University of Chicago Press, vol. 3(1), pages S59-90, January. [Downloadable!] (restricted)
  12. Mroz, Thomas A, 1987. "The Sensitivity of an Empirical Model of Married Women's Hours of Work to Economic and Statistical Assumptions," Econometrica, Econometric Society, vol. 55(4), pages 765-99, July. [Downloadable!] (restricted)
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  13. Fair, Ray C & Dominguez, Kathryn M, 1991. "Effects of the Changing U.S. Age Distribution on Macroeconomic Equations," American Economic Review, American Economic Association, vol. 81(5), pages 1276-94, December. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Diane Macunovich, 1999. "The Fortune of One's Birth: Relative Cohort Size and the Youth Labor Market in the United States," Center for Policy Research Working Papers 6, Center for Policy Research, Maxwell School, Syracuse University. [Downloadable!]
  2. Diane Macunovich, 1999. "The Baby Boom As It Ages: How Has It Affected Patterns of Consumptions and Savings in the United States?," Center for Policy Research Working Papers 7, Center for Policy Research, Maxwell School, Syracuse University. [Downloadable!]
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