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Female Labor Supply, Human Capital and Welfare Reform

Richard Blundell (), Monica Costa Dias (), Costas Meghir () and Jonathan Shaw

No 1892R, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: We estimate a dynamic model of employment, human capital accumulation — including education, and savings for women in the UK, exploiting policy changes. We analyze both the incentive effects and the welfare implications of tax credits and income support programs and we account for their insurance value. We find important incentive effects on education choice and labor supply, with single mothers having the most elastic labor supply. Returns to experience increase with education, but experience only accumulates when in full-time employment. Finally, marginal increases in tax credits are preferred to equally costly income support or to tax cuts.

Keywords: Female labor supply; Welfare reform; Tax credits; Education choice; Dynamic discrete choice models; Life cycle models (search for similar items in EconPapers)
JEL-codes: H2 H3 J22 J24 (search for similar items in EconPapers)
Date: 2013-04, Revised 2015-04
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Related works:
Journal Article: Female Labor Supply, Human Capital, and Welfare Reform (2016) Downloads
Working Paper: Female Labor Supply, Human Capital and Welfare Reform (2016) Downloads
Working Paper: Female labour supply, human capital and welfare reform (2016) Downloads
Working Paper: Female Labour Supply, Human Capital and Welfare Reform (2013) Downloads
Working Paper: Female Labor Supply, Human Capital and Welfare Reform (2013) Downloads
Working Paper: Female labour supply, human capital and welfare reform (2013) Downloads
Working Paper: Female labour supply, human capital and welfare reform (2013) Downloads
Working Paper: Female Labour Supply, Human Capital and Welfare Reform (2013) Downloads
Working Paper: Female Labour Supply, Human Capital and Welfare Reform (2013) Downloads
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