Women who have first births relatively late in life earn higher wages. This paper offers an explanation of this fact based on a staple life-cycle model of human capital investment and timing of first birth. The model yields conditions (that are plausibly satisfied) under which late childbearers...

Women who have first births relatively late in life earn higher wages. This paper offers an explanation of this fact based on a staple life-cycle model of human capital investment and timing of first birth. The model yields conditions (that are plausibly satisfied) under which late childbearers...

Economic models of migration recognize that potential changes in income are an important factor in the decision to change geographic location within a country's borders. For married couples, gains need not occur for both spouses, and ‘tied movers' may on average see their relative earnings...