EconPapers    
Economics at your fingertips  
 

Female Labor Supply, Human Capital and Welfare Reform

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

No 1892R2, 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 tax and benefit reforms, and use it to analyze the effects of welfare policy. We find substantial elasticities for labor supply and particularly for lone mothers. Returns to experience, which are important in determining the longer-term effects of policy, increase with education, but experience mainly accumulates when in full-time employment. Tax credits are welfare improving in the UK and increase lone-mother labor supply, but the employment effects do not extend beyond the period of eligibility. Marginal increases in tax credits improve welfare more than equally costly increases in income support or 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)
New Economics Papers: this item is included in nep-dcm, nep-dem, nep-eur, nep-hrm, nep-ltv and nep-pbe
Date: 2013-04, Revised 2016-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (44) Track citations by RSS feed

Published in Econometrica (September 2016), 84(5): 1705-1753

Downloads: (external link)
http://cowles.yale.edu/sites/default/files/files/pub/d18/d1892-r2.pdf (application/pdf)

Related works:
Journal Article: 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 Labor Supply, Human Capital and Welfare Reform (2015) 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
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:1892r2

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Matthew Regan ().

 
Page updated 2019-10-19
Handle: RePEc:cwl:cwldpp:1892r2