This is something that needs careful consideration because taking a short vacation from work is very different than switching channels abruptly and staying home all the time. Your personality is a consideration too when trying to make this important decision. Every father is different in this aspect. Some dads love to be with their kids, playing and taking care of them without a care in the world for other tasks outside the home. Other dads are too driven to success, either monetary of career-wise, to be happy being home a lot despite how much they may love their children.
Finances are also a consideration.
Assuming that your wife is able to support the family on her income, you will not need to consider any work if you do not want to. If some extra income is still needed, consider some self-employment and work that can be done at home or after hours when mom is home. There are a variety of ways to work it out. It just depends on you, the type of person you are and what you want out of life. For the father who believes his most valuable job in life is raising his kids, then at home is where you should be.