Table 2 Calibration

Childless women employment rate

0.78

0.77

Mothers 0 to 2 employment rate

0.54

0.54

Wage gender gap

0.20

0.20

Female wage growth (aged 25 to 39)

0.03

0.03

Female wage growth (aged 40 to 46)

0.01

0.01

Motherhood wage penalty

0.06

0.05

Parameters

ψ

0.003

p

29250^a

\(1-{y^{f}_{0}}/{y^{m}_{0}}\)

0.23

η ₀

0.03

η ₁

0.005

δ

0.04

Other Statistics

Model

Data

Mothers 3 to 5 employment rate

0.70

0.63

Mothers 6 to 14 employment rate

0.78

0.73

Median duration of spells

6

5

Female employment rate

0.69

0.69