The Menopause "Penalty"

The authors are grateful to the comments of Meltem Daysal, Amy Finkelstein, Michelle Marcus, Eva Meyerson Milgrom, Isabel Pastoor, Erik Plug, Imran Rasul, Mari Rege, Heather Royer, Maria Ræder, Emilia Simeonova, Isaac Sorkin, Michela Tincani, and seminar participants at the AIES Conference, ASSA Conference, Centre for Health Economic Research (HEFUU) at Uppsala University, CEPR Paris Symposium, CESifo Area Conference Labor Economics, dggö/LMU/KU Leuven/Universität Hamburg Workshop “Health and care from early life to old age”, EALE Meetings (Bergen), Erasmus University Rotterdam, ESPE Conference, Imperial College London, Institute for Fiscal Studies, JRC (European Commission), LMU, ONS Public Health Research, Universidad de Alicante, University of Bergen, University of Bergamo, Brown University, University of Copenhagen, University College London (Department of Economics and Social Research Institute), Kansas State University, KU Leuven, NBER Summer Institute - Gender in the Economy, Newcastle University, Paris Dauphine University, Paris School of Economics, Pontificia Universidade Catolica - Rio de Janeiro, Rockwool Foundation Berlin, Stanford University, SOLE Meetings (Portland), Tinbergen Institute, Tokyo University, University of Stavanger, and Whistler Junior Health Economics Conference 2025. We thank Joshua Bricker and Taegan Mullane, as well as Sarah Bögl and Iliriana Shala at the Research Institute of Industrial Economics, for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• March 25, 2025