Labor Supply and Household Dynamics

Maurizio Mazzocco; Claudia Ruiz; Shintaro Yamaguchi

doi:10.1257/aer.104.5.354

American Economic Review Vol. 104 No. 5 2014

Labor Supply and Household Dynamics

Maurizio Mazzocco¹; Claudia Ruiz²; Shintaro Yamaguchi³

¹ UCLA, Economics Department, 8377 Bunche Hall, Los Angeles, CA 90095 (e-mail: ) · ² World Bank, 1818 H St. N.W., Room MC3-650, Washington, DC 20433 (e-mail: ) · ³ McMaster University, Economics Department, 1280 Main Street West, Hamilton, ON L8S 4M4 Canada (e-mail: )

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.

DOI: 10.1257/aer.104.5.354
Volume: 104
Issue: 5
Pages: 354-359
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Labor Supply and Household Dynamics

Abstract

Cite