Article ID Journal Published Year Pages File Type
9727031 The Journal of Socio-Economics 2005 16 Pages PDF
Abstract
This paper utilizes expectations imposed by society to explain lower wages of mothers compared to non-mothers in the labor market. Social expectation, interdependence between mothers' labor supply and childcare services, and lack of coordination between employers, employees (mothers), and childcare services explain how an economy can be caught in a 'trap' exhibiting large wage differences. Higher levels of human capital, increased coordination along with affordable childcare services in a more modern economy allows for specialization, increasing returns, and the possibility for a better outcome due to multiple equilibria.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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