Fertility and female wages: A new link via house prices
The analysis in this paper explains a new link between fertility and female wages that occurs through the effectof house prices. It is well known that higher female wages have an ambiguous effect on fertility: the positive income effect is offset by a negative substitution effect due to the higher opportunity cost of the maternal time required for child-rearing. Here it is shown that housing costs add a new dimension to this relationship. If the housing needs of children are a sufficiently...[Show more]
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