Women at work: the impact of welfare and fiscal policies in a dynamic labor supply model

Maria Rosaria Marino (), Marzia Romanelli and Martino Tasso
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Maria Rosaria Marino: Italian Parliamentary Budget Office

No 1084, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: We build and estimate a structural dynamic life-cycle model of household labor supply, fertility, and consumption behavior. The model features several sources of heterogeneity in household members’ characteristics and it incorporates most of the fiscal rules that affect household net income. The parameters of the model are estimated using Italian longitudinal data for the period 2004-12 in order to investigate the causes of the relatively low labor supply by married women in this country. The model matches many characteristics of the data quite well. We use the estimated model to simulate a few counterfactual fiscal and welfare policies: some of them are effective in decreasing poverty rates while increasing labor supply.

Keywords: household labor supply; savings and fertility choices; fiscal policies (search for similar items in EconPapers)
JEL-codes: H24 H31 J22 (search for similar items in EconPapers)
Date: 2016-09
New Economics Papers: this item is included in nep-pbe
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_1084_16

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