Garstenauer, Viola; Siassi, Nawid - 2024
married mothers. We develop a life-cycle model where married couples face labor market, child care and fertility risk, and … mothers' employment decisions. We calibrate the model to the U.S. using data from the Current Population Survey. We show that … participation tax rates exceed 25 percent for most mothers in our sample, and can be as high as 60 percent when including child care …