The thing with female workforce participation: isn't it just symptom of the society getting poorer. My wife worked her ass off. I was making about 130k / year. She was making about 60k / year. Then we not only moved from the US to Poland (where live is just so much cheaper). But I also started making about 330k / year. All the willingness to work evaporated on her part :-) Instead we have another kid. She stopped tal…
I would be very careful about making that large a generalization (that all else being equal, women would prefer to stay home over working). Childcare is mind numbing work, especially with young kids. Sure, some women (and men) would prefer that, but a LOT of women prefer office work over raising children. "why not to enjoy life instead of spending 50-60 hours at the office?" is really selling short how much work rais…
We pay $42,000 a year in childcare (2 kids, $1,750 /month, which is one of the cheapest options in our area). After taxes its 90%+ of my wife’s entire salary.
It doesn’t make financial sense for her to work, but she’s good at her job, and she’s in a career where taking years off is punishing (law). Honestly though, a big part of it is she wants to work, stress and all. It makes sense to me.
As for me, I would prefer to stay home with them instead of work, but I am the primary earner and am also in a career that punishes people severely who take time off (finance). So here we are.