Note(s): This table reports the dynamic effects of childbirth on female employment from year 0 to year 8 using a pseudo-event study design based on Equation (1). Each coefficient represents the change in employment probability relative to the year before childbirth (event year $t=−2$⁠). The overall effect is the average employment penalty across event years 0–8. Robust standard errors clustered at the age-by-gender level are in parentheses. *, ** and *** are statistical significance levels at 10%, 5% and 1%, respectively