Looking long-term at married mothers' earnings

03/13/2014 | Journal of Financial Planning

Women with children who are married to men with high salaries often are advised not to work. Reasons for this include the fact that their income might be low relative to their husbands' but will be taxed at a high marginal rate, and the remaining amount might not be enough to cover child care. However, this view ignores the future value of a mother's work, write Jerry A. Miccolis and Marina Goodman. "A married woman's human capital is a source of wealth that often has been overlooked, or the short-term costs given outsized emphasis," they write.

View Full Article in:

Journal of Financial Planning

Published in Brief: