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2021 | OriginalPaper | Buchkapitel

The Influences of Birth and the Child—Raising on Household Finances: An Analysis of Lost Income

verfasst von : Anna Jędrzychowska, Ewa Poprawska

Erschienen in: Eurasian Economic Perspectives

Verlag: Springer International Publishing

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Abstract

In personal finance, child rearing involves a stream of costs, incurred expenses, and lost profits. The second category includes the partial loss of earnings due to the breaks in parents’ (mainly mothers’) career paths resulting from pregnancy, maternity leave, and slowdowns. This article’s purpose is to propose a method of estimating a mother’s financial gap over the course of her whole career as a result of raising children. The article is the next stage of the authors’ research, in which the cases of 1–3 children and a wage growth rate consistent with data published by the Central Statistical Office (higher at the beginning of career) are analyzed. The considerations are universal and applicable to the realities of other markets, but the numerical illustration is based on Poland’s reality. The results obtained can be useful for determining compensation claims related to accidents that result in the death of a child. This analysis also contributes to the discussion of social programs being considered in Poland, such as an additional state pension for women with more children.

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Metadaten
Titel
The Influences of Birth and the Child—Raising on Household Finances: An Analysis of Lost Income
verfasst von
Anna Jędrzychowska
Ewa Poprawska
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-030-63149-9_13