A Dynamic Decision Model of Marriage, Childbearing, and Labor Force Participation of Women in Japan
This paper empirically examines the life-time joint decision problem of marriage, childbearing, and labor force participation for women in Japan, motivated by the recent decrease in the number of marriages and the total fertility rate. Using the 1993-95 Japanese Panel Surveys of Consumption, the structural estimation result of a dynamic decision model suggests that women benefit from labor force participation, and that this gain exceed financial benefits from earnings. However, the probability of finding full-time work within a year for housewives or part-time workers is estimated as less than 20%, and is even lower for less-educated women. As regards family formation, utility gains and losses from the first child are insignificant or rather negative, those from the second child are significantly positive, those from the third or subsequent child are generally insignificant. Utility gains and losses from marriage are significantly negative if one leaves out financial advantages gained from the husband's earnings. The estimation using a recent sample suggests that the sum of the estimated values of marriage and two children as a typical family unit is negative for women in the labor force.
|Date of creation:||16 Oct 2000|
|Date of revision:|
|Note:||Type of Document - Scientific Word; prepared on PC; to print on (PDF); pages: 29 ; figures: included. 29 pages, PDF, figures are included.|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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.:
- van der Klaauw, Wilbert, 1996.
"Female Labour Supply and Marital Status Decisions: A Life-Cycle Model,"
Review of Economic Studies,
Wiley Blackwell, vol. 63(2), pages 199-235, April.
- Van Der Klaauw, W., 1993. "Female Labor Supply and Marital Status Decisions: A Life Cycle Model," Working Papers 93-23, C.V. Starr Center for Applied Economics, New York University.
- Hotz, V Joseph & Miller, Robert A, 1988.
"An Empirical Analysis of Life Cycle Fertility and Female Labor Supply,"
Econometric Society, vol. 56(1), pages 91-118, January.
- V. Joseph Hotz & Robert A. Miller, . "An Empirical Analysis of Life Cycle Fertility and Female Labor Supply," University of Chicago - Population Research Center 86-15, Chicago - Population Research Center.
- Killingsworth, Mark R. & Heckman, James J., 1987. "Female labor supply: A survey," Handbook of Labor Economics, in: O. Ashenfelter & R. Layard (ed.), Handbook of Labor Economics, edition 1, volume 1, chapter 2, pages 103-204 Elsevier.
- Hotz, V Joseph & Miller, Robert A, 1993.
"Conditional Choice Probabilities and the Estimation of Dynamic Models,"
Review of Economic Studies,
Wiley Blackwell, vol. 60(3), pages 497-529, July.
- Hotz, V.J. & Miller, R.A., 1991. "Conditional Choice Probabilities and the Estimation of Dynamic Models," GSIA Working Papers 1992-12, Carnegie Mellon University, Tepper School of Business.
- V. Joseph Hotz & Robert A. Miller, 1992. "Conditional Choice Probabilities and the Estimation of Dynamic Models," Working Papers 9202, Harris School of Public Policy Studies, University of Chicago.
- Wolpin, Kenneth I, 1984. "An Estimable Dynamic Stochastic Model of Fertility and Child Mortality," Journal of Political Economy, University of Chicago Press, vol. 92(5), pages 852-74, October.
- Dean R. Hyslop, 1999. "State Dependence, Serial Correlation and Heterogeneity in Intertemporal Labor Force Participation of Married Women," Econometrica, Econometric Society, vol. 67(6), pages 1255-1294, November.
- John Rust & Christopher Phelan, 1997.
"How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets,"
Econometric Society, vol. 65(4), pages 781-832, July.
- John Rust & Christopher Phelan, 1994. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Public Economics 9406005, EconWPA, revised 06 Jul 1994.
- Zvi Eckstein & Kenneth I. Wolpin, 1989. "The Specification and Estimation of Dynamic Stochastic Discrete Choice Models: A Survey," Journal of Human Resources, University of Wisconsin Press, vol. 24(4), pages 562-598.
- Rust, John, 1987. "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher," Econometrica, Econometric Society, vol. 55(5), pages 999-1033, September.
- Eckstein, Zvi & Wolpin, Kenneth I, 1989. "Dynamic Labour Force Participation of Married Women and Endogenous Work Experience," Review of Economic Studies, Wiley Blackwell, vol. 56(3), pages 375-90, July.
- Gronau, Reuben, 1973. "The Intrafamily Allocation of Time: The Value of the Housewives' Time," American Economic Review, American Economic Association, vol. 63(4), pages 634-51, September.
- Gary S. Becker, 1974.
"A Theory of Marriage: Part II,"
in: Marriage, Family, Human Capital, and Fertility, pages 11-26
National Bureau of Economic Research, Inc.
- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug..
- Goffe, William L. & Ferrier, Gary D. & Rogers, John, 1994. "Global optimization of statistical functions with simulated annealing," Journal of Econometrics, Elsevier, vol. 60(1-2), pages 65-99.
- Juster, F. Thomas & Stafford, Frank P., 1990.
"The Allocation of Time: Empirical Findings, Behavioural Models, and Problems of Measurement,"
Working Paper Series
258, Research Institute of Industrial Economics.
- Juster, F Thomas & Stafford, Frank P, 1991. "The Allocation of Time: Empirical Findings, Behavioral Models, and Problems of Measurement," Journal of Economic Literature, American Economic Association, vol. 29(2), pages 471-522, June.
- Ahn, Namkee, 1995. "Measuring the Value of Children by Sex and Age Using a Dynamic Programming Model," Review of Economic Studies, Wiley Blackwell, vol. 62(3), pages 361-79, July.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpla:0004007. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If references are entirely missing, you can add them using this form.