MARC Record from Library of Congress

LEADER: 02377cam a22003257a 4500
001 2005620387
003 DLC
005 20051215180354.0
007 cr |||||||||||
008 051027s2005 vau sb f000 0 eng
010 $a 2005620387
040 $aDLC$cDLC
043 $an-us---
050 00 $aHB1
100 1 $aErosa, Andres.
245 12 $aA quantitative theory of the gender gap in wages$h[electronic resource] /$cAndrés Erosa, Luisa Fuster, Diego Restuccia.
260 $a[Richmond, Va.] :$bFederal Reserve Bank of Richmond,$c[2005]
490 1 $aWorking paper ;$vno. 05-9
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on Oct. 27, 2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Using panel data from the National Longitudinal Survey of Youth (NLSY), we document that gender differences in wages almost double during the first 20 years of labor market experience and that there are substantial gender differences in employment and hours of work during the life cycle. A large portion of gender differences in labor market attachment can be traced to the impact of children on the labor supply of women. We develop a quantitative life-cycle model of fertility, labor supply, and human capital accumulation decisions. We use this model to assess the role of fertility on gender differences in labor supply and wages over the life cycle. In our model, fertility lowers the lifetime intensity of market activity, reducing the incentives for human capital accumulation and wage growth over the life cycle of females relative to males. We calibrate the model to panel data of men and to fertility and child related labor market histories of women. We find that fertility accounts for most of the gender differences in labor supply and wages during the life cycle documented in the NLSY data."--Federal Reserve Bank of Richmond web site.
653 $aGender wage gap;$aemployment;$afertility;$ahuman capital
700 1 $aFuster, Luisa.
700 1 $aRestuccia, Diego.
710 2 $aFederal Reserve Bank of Richmond.
830 0 $aWorking paper (Federal Reserve Bank of Richmond : Online) ;$vno. 05-9.
856 40 $uhttp://www.richmondfed.org/publications/economic_research/working_papers/years.cfm/2005