Female Labor Supply and Marital Status Decisions
Author | : Wilbert Van der Klaauw |
Publisher | : |
Total Pages | : 37 |
Release | : 1993 |
Genre | : Labor supply |
ISBN | : |
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Author | : Wilbert Van der Klaauw |
Publisher | : |
Total Pages | : 37 |
Release | : 1993 |
Genre | : Labor supply |
ISBN | : |
Author | : Hendrikus W. M. M. Van der Klaauw |
Publisher | : |
Total Pages | : 346 |
Release | : 1993 |
Genre | : |
ISBN | : |
Author | : James P. Smith |
Publisher | : Princeton University Press |
Total Pages | : 398 |
Release | : 2014-07-14 |
Genre | : Political Science |
ISBN | : 140085699X |
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 | : Margherita Borella |
Publisher | : |
Total Pages | : 66 |
Release | : 2017 |
Genre | : Households |
ISBN | : |
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 | : Claudia Dale Goldin |
Publisher | : |
Total Pages | : 50 |
Release | : 1983 |
Genre | : Labor supply |
ISBN | : |
The five-fold increase in the labor force participation rate of married women over the last half century was not accompanied by a substantial increase in the average job market experience of working women. Two data sets giving life-cycle labor force histories for cohorts of women born from the 1880s to 1910s indicate substantial (unconditional) heterogeneity in labor force participation. Married women in the labor force had a high degree of attachment to it; increased participation rates brought in women with little prior job experience and reduced cumulated years experience. According to extant schedules froma 1939 Women's Bureau Bulletin, 86% of married women born around 1895 and working in 1939 had been employed 50% of the years since beginning work, and 47% had worked 88% of those years. Average years of experience for cross sections of working married women hardly increased from 1920 to 1950, rising from 9 to 10.5 years. Because wages are calculated only for currently employed individuals, the steadiness in relative wages of women to men over this period may result from stable experience ratings for employed married women. An exploration of the determinants of labor force persistence points to the importance of occupational choice early in the work history of a woman and to the rise in clerical and professional occupations in extending life-cycle labor force participation.
Author | : Timothy John Maloney |
Publisher | : |
Total Pages | : 546 |
Release | : 1983 |
Genre | : Employment (Economic theory) |
ISBN | : |
Author | : Margherita Borella |
Publisher | : |
Total Pages | : 39 |
Release | : 2016 |
Genre | : Labor market |
ISBN | : |
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 | : Raquel Fernández |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : Economics |
ISBN | : |
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.