Child-Rearing, Social Security and Married Women's Labor Supply Over the Life Cycle

Child-Rearing, Social Security and Married Women's Labor Supply Over the Life Cycle
Author: Debasmita Das
Publisher:
Total Pages: 0
Release: 2022
Genre:
ISBN:

This paper studies how career interruptions during child-rearing years affect the labor market trajectory, lifetime earnings, and Social Security benefits of married women in the United States. To this end, I develop a dynamic structural life-cycle model of female labor supply, savings, and Social Security benefit claiming and estimate the model using the Method of Simulated Moments for the 1943-1954 birth cohort. Utilizing the estimated model, I evaluate the effects of revenue-neutral introduction of the Social Security Caregiver Credits that cover lost earnings during early child-rearing years through change in retirement benefits. The model predicts that introducing the provision of earning credits for child care in the Social Security system would lead to a sizeable reduction in gender gap in average career earnings at the Social Security Early Retirement Age. The findings suggest that instituting caregiver credits for child-rearing in the absence of the marriage-based Social Security benefits would offset a substantial portion of the motherhood penalty in lifetime labor earnings of married women and increase their retirement benefit adequacy.

Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labor Supply?

Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labor Supply?
Author: Margherita Borella
Publisher:
Total Pages: 87
Release: 2019
Genre: Income tax
ISBN:

In the U.S., 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 life-cycle model of labor supply and savings for couples and singles using the Method of Simulated Moments (MSM) on the 1945 and 1955 birth-year cohorts and we use it to evaluate what would happen without these provisions. 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. Eliminating marriage-related provisions drastically increases the participation of married women over their entire life cycle, reduces the participation of married men after age 55, and increases the savings of couples in both cohorts, including the later one, which has similar participation to that of more recent generations. If the resulting government surplus were used to lower income taxation, there would be large welfare gains for the vast majority of the population.

Female Employment and Gender Gaps in China

Female Employment and Gender Gaps in China
Author: Xinxin Ma
Publisher: Springer Nature
Total Pages: 190
Release: 2021-05-05
Genre: Business & Economics
ISBN: 9813369043

This open access book investigates female employment and the gender gap in the labor market and households during China’s economic transition period. It provides the reader with academic evidence for understanding the mechanism of female labor force participation, the determinants of the gender gap in the labor market, and the impact of policy transformation on women’s wages and employment in China from an economics perspective. The main content of this book includes three parts―women’s family responsibilities and women’s labor supply (child care, parent care, and women’s employment), the gender gap in the labor market and society (gender gaps in wages, Communist Party membership, and participation in social activity), and the impacts of policy transformation on women’s wages and employment (the social security system and the educational expansion policy on women’s wages and employment) in China. This book provides academic evidence about these issues based on economics theories and econometric analysis methods using many kinds of long-term Chinese national survey data. This book is highly recommended to readers who are interested in up-to-date and in-depth empirical studies of the gender gap and women’s employment in China during the economic transition period. This book is of interest to various groups such as readers who are interested in the Chinese economy, policymakers, and scholars with econometric analysis backgrounds.

Women Working Longer

Women Working Longer
Author: Claudia Goldin
Publisher: University of Chicago Press
Total Pages: 326
Release: 2018-04-19
Genre: Business & Economics
ISBN: 022653264X

Today, more American women than ever before stay in the workforce into their sixties and seventies. This trend emerged in the 1980s, and has persisted during the past three decades, despite substantial changes in macroeconomic conditions. Why is this so? Today’s older American women work full-time jobs at greater rates than women in other developed countries. In Women Working Longer, editors Claudia Goldin and Lawrence F. Katz assemble new research that presents fresh insights on the phenomenon of working longer. Their findings suggest that education and work experience earlier in life are connected to women’s later-in-life work. Other contributors to the volume investigate additional factors that may play a role in late-life labor supply, such as marital disruption, household finances, and access to retirement benefits. A pioneering study of recent trends in older women’s labor force participation, this collection offers insights valuable to a wide array of social scientists, employers, and policy makers.

Demography and the Economy

Demography and the Economy
Author: John B. Shoven
Publisher: University of Chicago Press
Total Pages: 444
Release: 2011-01-15
Genre: Business & Economics
ISBN: 0226754758

Demographics is a vital field of study for understanding social and economic change and it has attracted attention in recent years as concerns have grown over the aging populations of developed nations. Demographic studies help make sense of key aspects of the economy, offering insight into trends in fertility, mortality, immigration, and labor force participation, as well as age, gender, and race specific trends in health and disability. Demography and the Economy explores the connections between demography and economics, paying special attention to what demographic trends can reveal about the sustainability of traditional social security programs and the larger implications for economic growth. The volume brings together some of the leading scholars working at the border between the two disciplines, and it provides an eclectic overview of both fields. Contributors also offer deeper analysis of a variety of issues such as the impact of greater wealth on choices about marriage and childbearing and the effects of aging populations on housing prices, Social Security, and Medicare.

The Second Shift

The Second Shift
Author: Arlie Hochschild
Publisher: Penguin
Total Pages: 353
Release: 2012-01-31
Genre: Social Science
ISBN: 1101575514

An updated edition of a standard in its field that remains relevant more than thirty years after its original publication. Over thirty years ago, sociologist and University of California, Berkeley professor Arlie Hochschild set off a tidal wave of conversation and controversy with her bestselling book, The Second Shift. Hochschild's examination of life in dual-career housholds finds that, factoring in paid work, child care, and housework, working mothers put in one month of labor more than their spouses do every year. Updated for a workforce that is now half female, this edition cites a range of updated studies and statistics, with an afterword from Hochschild that addresses how far working mothers have come since the book's first publication, and how much farther we all still must go.