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.
Wardrop, Rebecca C., "A Bayesian Model of Fertility Decisions in Relationship to Female Labor Force Participation" (2014). Senior Independent Study Theses. Paper 5961.
Behavioral Economics | Statistical Models
Bachelor of Arts
Senior Independent Study Thesis Exemplar
© Copyright 2014 Rebecca C. Wardrop