Dynamic model of childbearing and labor force participation of married women: Empirical evidence from Korea and Japan

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    Abstract

    The purpose of this study is the empirical investigation of childbirth behavior and labor-force participation of married women in South Korea and Japan. A dynamic discrete choice model is estimated using microdata from household surveys in South Korea and Japan. Estimation results suggest that: (1) only a second child is beneficial and others are not in the case of Korea, although any child is beneficial in the case of Japan; (2) nursing a newborn is considerably costly; (3) without considering an earnings effect, low-earnings jobs are costly in both countries, although high-earnings jobs are beneficial in Japan; and (4) the probability of finding a full-time position for married women after career interruption is estimated as 5-28%.

    Original languageEnglish
    Pages (from-to)170-180
    Number of pages11
    JournalJournal of Asian Economics
    Volume19
    Issue number2
    DOIs
    Publication statusPublished - 2008 Apr

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    Keywords

    • Dynamic programming
    • Female labor supply
    • Fertility

    ASJC Scopus subject areas

    • Economics and Econometrics
    • Finance

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