Abstract
Due to the increasing number of women in the labor force, opportunity costs associated with labor force participation are becoming an important factor in fertility decisions. Further, these decisions are assumed to be dynamic as the opportunity costs change as a woman progresses through her career. A Bayesian statistical model , which allows the distribution of the likelihood of having children to be updated as information is gathered, lends itself to the dynamicity of the decision-making process. A generalized model for fertility decisions in terms of labor force participation is created. I also discuss potentials for implementation and furthering the model.
Advisor
Burnell, Barbara
Second Advisor
Hartman, James
Department
Economics; Mathematics
Recommended Citation
Wardrop, Rebecca C., "A Bayesian Model of Fertility Decisions in Relationship to Female Labor Force Participation" (2014). Senior Independent Study Theses. Paper 5961.
https://openworks.wooster.edu/independentstudy/5961
Disciplines
Behavioral Economics | Statistical Models
Publication Date
2014
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis Exemplar
Included in
© Copyright 2014 Rebecca C. Wardrop