Women's time-limited fertility window, compared to men's longer period of fecundity, could be a key constraint in shaping the gender gap in career choices and hence outcomes. Israel's 1994 policy change that made in-vitro fertilization free provides a natural experiment for examining how fertility time horizons impact women's investment choices. We find that following the policy change women complete more college and graduate education. We then present evidence suggesting that these larger investments contributed to better labor market outcomes, reducing the gender gap in career achievement. This further implies that persistent labor market inequality may be partly rooted in biological asymmetries. (C) 2021 Elsevier B.V. All rights reserved.
机构:Technical University of Lisbon,Department of Engineering and Management and IN+ Center for Innovation, Technology, and Policy Research, Instituto Superior Técnico
A. Miguel Amaral
Rui Baptista
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机构:Technical University of Lisbon,Department of Engineering and Management and IN+ Center for Innovation, Technology, and Policy Research, Instituto Superior Técnico
Rui Baptista
Francisco Lima
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机构:Technical University of Lisbon,Department of Engineering and Management and IN+ Center for Innovation, Technology, and Policy Research, Instituto Superior Técnico