Although men today assume more obligations in relation to the upbringing of children than was the case with their fathers, research confirms that they usually overestimate their share in caring about children. It also seems that they underestimate the consequences of the care about children for the careers of their female partners.
The economic consequences of this shock will be felt in the long run as well as in the adjustment towards the new steady state of the economy. Let me start with the long run.The new equilibrium is characterised by structurally higher growth rates of productivity, implying higher profitability of investments.