@TechReport{iza:izadps:dp18366, author={Bhalotra, Sonia R. and Daysal, N. Meltem and Freget, Louis and Hirani, Jonas Cuzulan and Majumdar, Priyama and Trandafir, Mircea and Wüst, Miriam and Zohar, Tom}, title={Postpartum Depression and the Motherhood Penalty}, year={2026}, month={Feb}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={18366}, url={https://www.iza.org/index.php/publications/dp18366}, abstract={Using Danish administrative data linked to two independent, validated postpartum depression screenings, we study how postpartum mental health shocks shape women’s labor market trajectories. Event-study estimates show no pre-birth differences in trends between depressed and non-depressed mothers, but persistent employment gaps that widen immediately after birth. Health-care utilization patterns indicate that these differences reflect acute mental health shocks rather than pre-existing trends. The penalties are concentrated among less educated mothers and those in less family-friendly jobs. Our results highlight postpartum depression as a meaningful and unequal contributor to the motherhood penalty.}, keywords={postpartum depression;motherhood penalty;labor market inequality}, }