Labor Supply and Household Dynamics
Maurizio Mazzocco, Claudia Ruiz, Shintaro Yamaguchi
American Economic Review · 2014 · Volume 104 · Issue 5
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.
Keywords
Household Production and Intrahousehold Allocation, Marriage, Marital Dissolution, Family Structure, Domestic Abuse, Economics of Gender, Non-labor Discrimination, Time Allocation and Labor Supply, Wage Level and Structure, Wage Differentials
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