| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6662 |
| DP6662 Does Responsive Pricing Smooth Demand Shocks? | |
| Pascal Courty; Mario Pagliero | |
| 发表日期 | 2008-01-25 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labour during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labour-force participation decisions. We use the model to assess the long-term implications of a one-time demand shock for female labour, such as the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent increase in female labour supply due to the accumulation of work experience. In contrast, younger women who turn adult after the war face increased labour-market competition, which impels them to exit the labour 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 labour-force participation and fertility rates that are consistent with U.S data. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Baby boom Female labour-force participation Fertility World war ii |
| URL | https://cepr.org/publications/dp6662 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535500 |
| 推荐引用方式 GB/T 7714 | Pascal Courty,Mario Pagliero. DP6662 Does Responsive Pricing Smooth Demand Shocks?. 2008. |
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