TY  - RPRT
        AU  - Frühwirth-Schnatter, Sylvia
AU  - Pamminger, Christoph
AU  - Weber, Andrea
AU  - Winter-Ebmer, Rudolf
        TI  - When Is the Best Time to Give Birth?
        PY  - 2014/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8396
        UR  - https://www.iza.org/publications/dp8396
        AB  - 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.
        KW  - family gap
KW  - Transition Data
KW  - Markov Chain Monte Carlo
KW  - timing of birth
KW  - Multinomial Logit
KW  - fertility
KW  - Panel Data
        ER  -