Recent empirical evidence show considerable variation in the degree of labor market participation of women during childbearing across different countries. In order to investigate this issue, we analyze intertemporal employment patterns and its interaction with fertility, comparing countries...

This paper develops a new simulation estimation algorithm that is particularly useful for estimating dynamic panel data models with unobserved endogenous state variables. The new approach can deal with the commonly encountered and widely discussed ``initial conditions problem,'' as well as the...