Chapter 1 Labor supply of men: A survey

Pencavel, John

doi:10.1016/s1573-4463(86)01004-0

“…Though much less frequently investigated, existing studies suggest that fathers are likely to observe an increase in wages from parenthood and marriage more generally; see Browning (1992), Pencavel (1986), Millimet (2000), and Simonsen and Skipper (2008). This is particularly intriguing given that fathers are also affected by (at least some of the) negative productivity shocks caused by the arrival of a child mentioned above.…”

Section: Introductionmentioning

confidence: 99%

The family gap in wages: What wombmates reveal

Simonsen¹,

Skipper²

2012

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. We shed new light on the effects of having children on hourly wages by exploiting access to data on the entire population of employed same-sex twins in Denmark. Our second contribution is the use of administrative data on absenteeism; the amount of hours off due to holidays and sickness. Our results suggest that childbearing reduces female hourly wages but the principal explanation is in fact mothers' higher levels of absence. We find a positive wage premium for fathers.JEL Classification: J13, J24, J31, J71

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“…Such priors cover the range of values in between the microeconomic estimates, as in Pencavel (1986), and the macro literature, as in Rogerson and Wallenius (2007). For the elasticity of technology shocks to hiring costs, γ, we assume a Normal distribution with prior mean and standard deviation equal to 0 and 7 respectively.…”

Section: Bayesian Estimationmentioning

confidence: 99%

Flexible prices, labor market frictions and the response of employment to technology shocks

Mandelman¹,

Zanetti²

2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Can a flexible price model enriched with labor market frictions replicate this stylized fact? We develop and estimate a standard flexible price model using Bayesian methods that allows, but does not require, labor market frictions to generate a negative response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. Terms of use: Documents in JEL classification: E32

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“…In particular, the effects of changes in demand and real oil prices are much stronger in an expansion than in a recession. The relatively sluggish response of unemployment in a slack labour market may be an implication of the "encouraged workers effect" (Pencavel, 1986). In a slack labour market, positive impulses from e.g.…”

Section: Modelling With State-dependent Adjustmentmentioning

confidence: 99%