An Economic Analysis of Female Labor Supply and Marital Status Decisions Over the Life Cycle PDF Download
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Author: Hendrikus W. M. M. Van der Klaauw
Publisher:
ISBN:
Category :
Languages : en
Pages : 346
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Author: Hendrikus W. M. M. Van der Klaauw
Publisher:
ISBN:
Category :
Languages : en
Pages : 346
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Author: Wilbert Van der Klaauw
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 37
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Author: James P. Smith
Publisher: Princeton University Press
ISBN: 140085699X
Category : Political Science
Languages : en
Pages : 398
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Book Description
This collection of original essays brings econometric theory to bear on the problem of estimating the labor force participation of women. Five scholars here examine, both theoretically and empirically, the determinants of women's wages in the market, the value of their home time, and the factors that affect their employment. Originally published in 1980. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author: Raquel Fernández
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
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This paper develops a quantitative life-cycle model to study the increase in married women's labor force participation (LFP). We calibrate the model to match key life-cycle statistics for the 1935 cohort and use it to assess the changed environment faced by the 1955 cohort. We find that a higher divorce probability and changes in wage structure are each able to explain a large proportion of the LFP increase. Higher divorce risk increases LFP not because the latter contributes to higher marital assets or greater labor market experience, however. Instead, it is the result of conflicting spousal preferences towards the adjustment of marital consumption in the face of increased divorce risk.
Author: Raquel Fernández
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 0
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This paper develops a quantitative life-cycle model to study the increase in married women's labor force participation (LFP). We calibrate the model to match key life-cycle statistics for the 1935 cohort and use it to assess the changed environment faced by the 1955 cohort. We find that a higher divorce probability and changes in wage structure are each able to explain a large proportion of the LFP increase. Higher divorce risk increases LFP not because the latter contributes to higher marital assets or greater labor market experience, however. Instead, it is the result of conflicting spousal preferences towards the adjustment of marital consumption in the face of increased divorce risk.
Author: Margherita Borella
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 39
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Abstract: Wages and life expectancy, as well as labor market outcomes, savings, and consumption, differ by gender and marital status. In this paper we compare the aggregate implications of two dynamic structural models. The first model is a standard, quantitative, life-cycle economy, in which people are only heterogenous by age and realized earnings shocks, and is calibrated using data on men, as typically done. The second model is one in which people are also heterogeneous by gender, marital status, wages, and life expectancy, and is calibrated using data for married and single men and women. We show that the standard life-cycle economy misses important aspects of aggregate savings, labor supply, earnings, and consumption. In contrast, the model with richer heterogeneity by gender, marital status, wage, and life expectancy matches the observed data well. We also show that the effects of changing life expectancy and the gender wage gap depend on marital status and gender, and that it is essential to not only model couples, but also the labor supply response of both men and women in a couple
Author: Margherita Borella
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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In the United States, both taxes and old age Social Security benefits depend on one's marital status and tend to discourage the labor supply of the secondary earner. To what extent are these provisions holding back female labor supply? We estimate a rich dynamic life-cycle model of labor supply and savings for couples and singles using the Method of Simulated Moments for the 1945 and 1955 birth cohorts. Our model matches well the life cycle profiles of labor market participation, hours, and savings for married and single people, and generates plausible elasticities of labor supply. It implies that eliminating these marriage-related provisions would drastically increase the participation of married women over their entire life cycle, reduce the participation of married men after age 60, and increase savings. If the resulting government surplus were used to lower income taxation, there would be large welfare gains for the vast majority of the population. These results hold for both cohorts, including the later one, which has similar participation to that of more recent generations.
Author: Margherita Borella
Publisher:
ISBN:
Category : Households
Languages : en
Pages : 66
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In the U.S., both taxes and old age Social Security benefits explicitly depend on one's marital status. We study the effects of eliminating these marriage-related provisions on the labor supply and savings of two different cohorts. To do so, we estimate a rich life-cycle model of couples and singles using the Method of Simulated Moments (MSM) on the 1945 and 1955 birth-year cohorts. Our model matches well the life cycle profiles of labor market participation, hours, and savings for married and single people and generates plausible elasticities of labor supply. We find that these marriage-related provisions reduce the participation of married women over their life cycle, the participation of married men after age 55, and the savings of couples. These effects are large for both the 1945 and 1955 cohorts, even though the latter had much higher labor market participation of married women to start with.
Author: Glen George Cain
Publisher:
ISBN:
Category :
Languages : en
Pages : 182
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Author: Kristian Bolin
Publisher:
ISBN:
Category : Divorce
Languages : en
Pages : 196
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Book Description
