The survey of more than 1,000 parents with two or more children found that 39 per cent did not feel it was worth both parents working full time because of prohibitive childcare costs.
Aviva, the insurance firm that carried out the Cost of a Sibling research, estimates that full-time childcare for two children of early years age costs £17,000 a year.
Of those questioned who reduced their hours or quit working, more than half choose not to return to work after the birth of their first child.
Around half of those who decided not to return to work after the birth of their second child plan to take at least five years off work.
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