Waiting as a signal: Why women are delaying fertility? |
| |
| Institution: | 1. Family Planning NSW, Ashfield, NSW, 2131, Australia;2. Discipline of Obstetrics, Gynaecology and Neonatology, Central Clinical School, The University of Sydney, Camperdown, NSW, 2050, Australia;3. CHA Bundang Women''s Medical Center, CHA University, Seongnam-si, Gyeonggi-do, South Korea;4. Department of Women''s and Children''s Health, Dunedin School of Medicine, University of Otago, Dunedin, New Zealand;5. Department of Obstetrics and Gynaecology, National University Hospital Singapore, 119228, Singapore |
| |
| Abstract: | Gone are the days when women got married and reared children at the age of 20 in developed countries. Nowadays, women are attending college and developing a career just like men. In this paper, we provide an alternative theory on why women choose not to put their early career on hold in order to have a child. Differing from the traditional human capital theory in the literature, we focus on the role of asymmetric information in the job market. We show that under asymmetric information, women have incentives to signal their career commitment. This causes a delay and a decline in fertility and a rise in educational attainment. We also examine different pro-natal policies. We find that policies subsidizing only early fertility are more efficient. |
| |
| Keywords: | Fertility Timing of birth Signaling Asymmetric information Female labor supply J13 J16 D80 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
