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Profiles of Fertility, Labour Supply and Wages of Married Women: A Complete Life-Cycle Model

by: Robert Moffitt
The Review of Economic Studies, Vol. 51, No. 2. (1984), pp. 263-278.

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This paper is an econometric examination of female fertility and labour-supply decisions. Based upon utility-maximizing choice, fertility and labour-supply demand functions are specified and estimated jointly with a wage-accumulation equation. A main contribution of the paper is the demonstration of a maximum-likelihood estimation method which avoids the main selectivity-bias problems in this area.


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