The Family Labor Supply Decision
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The Family Labor Supply Response to Disabling Conditions
| Author | : L. Scott Muller |
| Publisher | : BiblioGov |
| Total Pages | : 44 |
| Release | : 2013-06 |
| Genre | : |
| ISBN | : 9781289128388 |
The role of time as an input into the utility maximization process has long been recognized in the labor/leisure decision. Expanded research has dealt with this input in a family context. Assuming a joint utility maximization model, the resulting labor supply functions can be determined for both spouses. The model presented here is an extension of previous models by its incorporation of the effects of disabling conditions of the husband on the labor supply decisions of both spouses. Because hours worked takes on a lower limit of zero, the standard simultaneous equation techniques would yield estimates lacking the ideal properties. Instead, the model is estimated using a simplification of a simultaneous TOBIT technique, which yields consistent estimates.
Family Labor Supply with Taxes
| Author | : Jerry A. Hausman |
| Publisher | : |
| Total Pages | : 30 |
| Release | : 1984 |
| Genre | : Husband and wife |
| ISBN | : |
Over the period 1960 - 1983 the proportion of federal tax revenue raised by taxation of labor supply has risen from 57-77 percent. In this paper, we specify and estimate a model of family labor supply which treats both federal and state taxation. Husbands and wives labor supply are treated jointly rather than in aseparate manner as in previous research. A method to calculate the virtual wage for nonworking spouses is used within a utility maximizing framework to treat correctly the joint family labor supply decision. Joint family efforts are found to be important. The efficiency cost (deadweight loss) of labor taxation is estimated to be 29.6% of tax revenue raised. The effect of the new 10% deduction to ease the marriage tax for working spouses leads to a prediction of 3.8% increase in wives labor supply and a .9% decrease in husbands labor supply.Overall taxes paid are predicted to decrease by 3.4%.
Consumption Inequality and Family Labor Supply
| Author | : Richard W. Blundell |
| Publisher | : |
| Total Pages | : 55 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non-separability and asset accumulation decisions. We show how the model can be estimated and identified using panel data for hours, earnings, assets and consumption. We focus on the importance of family labor supply as an insurance mechanism to wage shocks and find strong evidence of smoothing of male's and female's permanent shocks to wages. Once family labor supply, assets and taxes are properly accounted for there is little evidence of additional insurance.
Family Productivity, Labor Supply, and Welfare in a Low-income Country
| Author | : John L. Newman |
| Publisher | : |
| Total Pages | : 1026 |
| Release | : 1995 |
| Genre | : Families |
| ISBN | : |
This paper develops an analytical approach to estimating family labor supply and consumption decisions appropriate for developing countries. The model identifies structural relationships allowing analysis of the welfare implications of intrahousehold allocation decisions, especially across the generations. The approach allows for an arbitrary number of family members, each of whom may or may not engage in multiple activities. The authors identify the marginal returns to work in self-employment without directly observing the marginal returns or estimating the enterprise's production function. The key feature of the approach is to work with underlying structural marginal return and marginal rate of substitution functions together with first order Kuhn-Tucker conditions. The authors use this model to analyze family consumption and labor supply decisions of rural landholding households in Peru.
