%0 Report
        %A Frühwirth-Schnatter, Sylvia
%A Pamminger, Christoph
%A Weber, Andrea
%A Winter-Ebmer, Rudolf
        %T When Is the Best Time to Give Birth?
        %D 2014
        %8 2014 Aug
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 8396
        %U https://www.iza.org/publications/dp8396
        %X Using Bayesian Markov chain clustering analysis we investigate career paths of Austrian women after their first birth. This data-driven method allows characterizing long-term career paths of mothers over up to 19 years by transitions between parental leave, non-employment and different forms of employment. We, thus, classify women into five cluster-groups with very different long-run career costs of childbearing. We model group membership with a multinomial specification within the finite mixture model. This approach gives insights into the determinants of the long-run family gap. Giving birth late in life may lead very diverse outcomes: on the one hand, it increases the odds to drop out of labor force, and on the other hand, it increases the odds to reach a high-wage career track.
        %K family gap
%K Transition Data
%K Markov Chain Monte Carlo
%K timing of birth
%K Multinomial Logit
%K fertility
%K Panel Data