Over recent decades, the trend for high-skilled, career-focused women to have fewer children, if any at all, has reversed. Using US data, this column shows that rising wage inequality is behind the reversal. Greater income inequality enables high-income families to outsource household production to lower-income people. Changes to minimum wage laws are thus likely to affect the fertility and career decisions of the rich.
Michael Bar, Moshe Hazan, Oksana Leukhina, David Weiss, Hosny Zoabi, 13 January 2018
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