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来源类型Working Paper
规范类型报告
DOI10.3386/w13707
来源IDWorking Paper 13707
The Baby Boom and World War II: A Macroeconomic Analysis
Matthias Doepke; Moshe Hazan; Yishay Maoz
发表日期2007-12-28
出版年2007
语种英语
摘要We argue that one major cause of the U.S. postwar baby boom was the rise in female labor supply 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 impact of the war on female labor supply and fertility in the decades following the war. For the war generation of women, the high demand for female labor brought about by mobilization leads to an increase in labor supply that persists after the war. As a result, younger women who reach adulthood in the 1950s face increased labor market competition, which impels them to exit the labor market and start having children earlier. The effect is amplified by the rise in taxes necessary to pay down wartime government debt. In our calibrated model, the war generates a substantial baby boom followed by a baby bust.
主题Microeconomics ; General Equilibrium ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Demography and Aging ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w13707
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/571383
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Matthias Doepke,Moshe Hazan,Yishay Maoz. The Baby Boom and World War II: A Macroeconomic Analysis. 2007.
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