Second, note that the estimated coefficient on FW rates in the fertility equation is still statistically insignificant when the FLFPR is excluded.
As for the female labor supply equation (row 2 in the upper panel), the HP is positively correlated with the FLFPR.
hk/ hong_kong_statistics 2005: Hong Kong, Census and Statistics Department (2005), Hong Kong Monthly Digest of Statistics, 2005 FLFPR Female labor force participation rate 1971-1981: EconDB in the Department of Economic, Chinese University of Hong Kong 1982-2005: http://www.
We will estimate an alternative model specification with two equations, one for the fertility and the other for the FLFPR in the following robust analysis section.
In the original model of Willis (1973) and empirical implementation of Butz and Ward (1979), the FLFPR is interacted with both MW and FW rates to distinguish families with participating wives from those with nonparticipating wives.
To capture the responses of fertility behavior to both labor market and real estate market variations, variables entering the fertility equation are HPs, FLFPRs, and female wage (FW) and male wage (MW) rates.
t] is a 5 x 1 vector including TFR, HPs, FLFPRs, FW rates, and MW rates and [e.
The series used in this article are constructed from annual aggregate data in Hong Kong covering the period from 1971 to 2005, namely, TFR, HPs, FLFPRs, FW rates, and MW rates.
Second, as expected, TFR is inversely correlated to FLFPRs, and a 1% increase in FLFPRs reduces the TFR by 0.
Hence, it appears that, based on the findings presented in columns (a) through (c), the percentage of a state's population without health insurance is an increasing function of the factors reflected by the variables PCTSCHC and FEMHEAD and a decreasing function of the factors reflected by the variables MFI, FLFPR, and AGE65 & OVER.
The findings shown in column (d) once again imply that the percent of the population without health insurance is an increasing function of PCTSCHC and a decreasing function of MFI, FLFPR, and AGE65 & OVER.
In this case, WOUTHI is an increasing function of PCTSCHC and PCTHISPANIC and a decreasing function of MFI, FLFPR, and AGE65 & OVER.