The baby boom and World War II: a macroeconomic analysis
We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor-force participation decisions. We use the model to assess the long-term im...
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Ausgabe: | Revised |
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13707 |
| Links: | http://papers.nber.org/papers/w13707.pdf |
| Zusammenfassung: | We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor-force participation decisions. We use the model to assess the long-term implications of a one-time demand shock for female labor, such as the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent increase in female labor supply due to the accumulation of work experience. In contrast, younger women who turn adult after the war face increased labor-market competition, which impels them to exit the labor market and start having children earlier. In our calibrated model, this general-equilibrium effect generates a substantial baby boom followed by a baby bust, as well as patterns for age-specific labor-force participation and fertility rates that are consistent with U.S data. |
| Umfang: | 45 S. Ill., graph. Darst. 22 cm |
Internformat
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| 245 | 1 | 0 | |a The baby boom and World War II |b a macroeconomic analysis |c Matthias Doepke ; Moshe Hazan ; Yishay Maoz |
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13707 | |
| 520 | |a We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor-force participation decisions. We use the model to assess the long-term implications of a one-time demand shock for female labor, such as the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent increase in female labor supply due to the accumulation of work experience. In contrast, younger women who turn adult after the war face increased labor-market competition, which impels them to exit the labor market and start having children earlier. In our calibrated model, this general-equilibrium effect generates a substantial baby boom followed by a baby bust, as well as patterns for age-specific labor-force participation and fertility rates that are consistent with U.S data. | ||
| 700 | 1 | |a Hazan, Moshe |e Verfasser |0 (DE-588)129996203 |4 aut | |
| 700 | 1 | |a Maoz, Yishay |e Verfasser |0 (DE-588)135853524 |4 aut | |
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| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 13707 |w (DE-604)BV002801238 |9 13707 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w13707.pdf |z kostenfrei |3 Volltext |
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| author | Doepke, Matthias Hazan, Moshe Maoz, Yishay |
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| author_facet | Doepke, Matthias Hazan, Moshe Maoz, Yishay |
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| illustrated | Illustrated |
| indexdate | 2024-12-20T13:23:21Z |
| institution | BVB |
| language | English |
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| physical | 45 S. Ill., graph. Darst. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
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| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Doepke, Matthias Verfasser (DE-588)129663247 aut The baby boom and World War II a macroeconomic analysis Matthias Doepke ; Moshe Hazan ; Yishay Maoz Revised Cambridge, Mass. National Bureau of Economic Research 2007 45 S. Ill., graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13707 We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor-force participation decisions. We use the model to assess the long-term implications of a one-time demand shock for female labor, such as the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent increase in female labor supply due to the accumulation of work experience. In contrast, younger women who turn adult after the war face increased labor-market competition, which impels them to exit the labor market and start having children earlier. In our calibrated model, this general-equilibrium effect generates a substantial baby boom followed by a baby bust, as well as patterns for age-specific labor-force participation and fertility rates that are consistent with U.S data. Hazan, Moshe Verfasser (DE-588)129996203 aut Maoz, Yishay Verfasser (DE-588)135853524 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13707 (DE-604)BV002801238 13707 http://papers.nber.org/papers/w13707.pdf kostenfrei Volltext |
| spellingShingle | Doepke, Matthias Hazan, Moshe Maoz, Yishay The baby boom and World War II a macroeconomic analysis |
| title | The baby boom and World War II a macroeconomic analysis |
| title_auth | The baby boom and World War II a macroeconomic analysis |
| title_exact_search | The baby boom and World War II a macroeconomic analysis |
| title_full | The baby boom and World War II a macroeconomic analysis Matthias Doepke ; Moshe Hazan ; Yishay Maoz |
| title_fullStr | The baby boom and World War II a macroeconomic analysis Matthias Doepke ; Moshe Hazan ; Yishay Maoz |
| title_full_unstemmed | The baby boom and World War II a macroeconomic analysis Matthias Doepke ; Moshe Hazan ; Yishay Maoz |
| title_short | The baby boom and World War II |
| title_sort | the baby boom and world war ii a macroeconomic analysis |
| title_sub | a macroeconomic analysis |
| url | http://papers.nber.org/papers/w13707.pdf |
| volume_link | (DE-604)BV002801238 |
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