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Culture as Learning: The Evolution of Female Labor Force Participation over a Century

Listed author(s):
  • Raquel Fernandez

    (NYU)

Registered author(s):

    Married women's labor force participation increased dramatically over the last century. I investigate the role of changes in culture arising from learning in this process. In the model, women hold (heterogeneous) beliefs regarding the long-run payoff of market work versus working at home. Beliefs evolve via an intergenerational learning process which generically generates an S-shaped figure for female LFP. I calibrate the model and show that it does a good job in replicating the historical evolution of female LFP in the US over 120 years. I find that the model's novel dynamic role for wages is quantitatively important.

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    File URL: https://economicdynamics.org/meetpapers/2009/paper_78.pdf
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    Paper provided by Society for Economic Dynamics in its series 2009 Meeting Papers with number 78.

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    Date of creation: 2009
    Handle: RePEc:red:sed009:78
    Contact details of provider: Postal:
    Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

    Web page: http://www.EconomicDynamics.org/
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