The impact of female employment on fertility preferences and behavior is examined with data from a 1980 national sample of Taiwanese women. The guiding hypothesis is that the greater the involvement of women in the impersonal market sector, the lower the fertility preferences, the longer the first birth interval, and the lower the actual fertility. Findings reveal that female employment in Taiwan is only weakly related to reproductive behavior. Even with increased participation of women in the modern market sector, female employment apparently has little impact on fertility preferences or behavior. Implications are drawn for policies aimed at lowering fertility.