RT Book, Section
SR 00
ID doi:10.1007/978-3-319-39120-5_10
A1 Moser, E.
A1 Prskawetz, A.
A1 Feichtinger, G.
A1 Barakat, B.
T1 Maximizing female labor force participation in a stationary population
YR 2016
FD 2016
VO 22
SP 167
OP 188
K1 Age-specific fertility; Family policy; Labor force participation; Lagrange principle; Optimal control; Stationary population
AB As many European countries have to cope with a shrinking and aging labor force, one important goal of redistributing work is to increase female labor force participation. In some countries, however, this increase could come at the cost of a reduced fertility rate as childcare facilities might be rare or institutional settings and social support are not sufficiently family friendly. In this paper we investigate how and especially at which ages female labor force participation could be increased in a country such as Austria, with an apparently strong negative correlation between childbearing and labor force participation, without reducing fertility even further. Our results indicate that an increase in female labor force participation is indeed possible if the participation rate remains low in the most fertile ages. It turns out, however, that the optimal labor force participation for females strongly depends on the initial fertility pattern of the female population.
T2 Dynamic Perspectives on Managerial Decision Making
PB Springer International Publishing
PP Cham, Switzerland
T3 Dynamic Modeling and Econometrics in Economics and Finance
SN 978-3-319-39120-5
AV Published
LK https://pure.iiasa.ac.at/id/eprint/13860/
DO 10.1007/978-3-319-39120-5_10