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Table 2 Calibration

From: Female labour market outcomes and the impact of maternity leave policies

Targets Model Data
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 29250a  
\(1-{y^{f}_{0}}/{y^{m}_{0}}\) 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
  1. aThis corresponds to 22 % of a two-earner household’s mean earnings