Labor Supply and Household Dynamics

Maurizio Mazzocco, Claudia Ruiz Ortega and Shintaro Yamaguchi

American Economic Review, 2014, vol. 104, issue 5, 354-59

Abstract: Using the Panel Study of Income Dynamics, we provide evidence that to understand household decisions and evaluate policies designed to affect individual welfare, it is important to add an intertemporal dimension to the by-now standard static collective models of the household. Specifically, we document that the observed differences in labor supply by gender and marital status do not arise suddenly at the time of marriage, but rather emerge gradually over time. We then propose an intertemporal collective model that has the potential of explaining the observed patterns.

JEL-codes: D13 J12 J16 J22 J31 (search for similar items in EconPapers)
Date: 2014
Note: DOI: 10.1257/aer.104.5.354
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Citations: View citations in EconPapers (26)

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