TY - JOUR
T1 - A New Era in the Not So New Economics of Fertility and Women's Time
T2 - An Introduction
AU - Day, Creina
N1 - Publisher Copyright:
© 2024 The Authors. The Australian Economic Review published by John Wiley & Sons Australia, Ltd on behalf of The University of Melbourne, Melbourne Institute: Applied Economic & Social Research, Faculty of Business and Economics.
PY - 2024/3
Y1 - 2024/3
N2 - This article examines a new era of models predicting fertility decline reversal as female-to-male wages rise. Standard microeconomic frameworks and diagrams simplify theoretical concepts for students and policymakers. The analysis reveals how demand for children may increase when households substitute childcare for women's time. An income effect dominates when responsiveness of the input mix and preference for children are high. Challenging conventional assumptions unveils the importance of gender inequality at home, economies of scale in raising children, and market-determined childcare prices. The findings suggest that household taxation and preferences influence how childcare subsidies and paid maternity leave shape fertility upturn.
AB - This article examines a new era of models predicting fertility decline reversal as female-to-male wages rise. Standard microeconomic frameworks and diagrams simplify theoretical concepts for students and policymakers. The analysis reveals how demand for children may increase when households substitute childcare for women's time. An income effect dominates when responsiveness of the input mix and preference for children are high. Challenging conventional assumptions unveils the importance of gender inequality at home, economies of scale in raising children, and market-determined childcare prices. The findings suggest that household taxation and preferences influence how childcare subsidies and paid maternity leave shape fertility upturn.
UR - http://www.scopus.com/inward/record.url?scp=85187174807&partnerID=8YFLogxK
U2 - 10.1111/1467-8462.12544
DO - 10.1111/1467-8462.12544
M3 - Article
AN - SCOPUS:85187174807
SN - 0004-9018
VL - 57
SP - 114
EP - 124
JO - Australian Economic Review
JF - Australian Economic Review
IS - 1
ER -