Women who have first births relatively late in life earn higher wages.
This paper offers an explanation of this fact based on a staple life-cycle
model of human capital investment and timing of first birth. The model
yields conditions (that are plausibly satisfied) under which late
childbearers will tend to invest more heavily in human capital than early
childbearera. The empirical analysis finds results consistent with the
higher wages of late childbearers arising primarily through greater
measurable human capital investment.
*Published:
Blackburn, McKinley L & Bloom, David E & Neumark, David, 1993. "Fertility Timing, Wages, and Human Capital," Journal of Population Economics, Springer, vol. 6(1), pages 1-30.
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