Dynamic Labour Force Participation of Married Women and Endogenous Work Experience

Eckstein, Zvi; Wolpin, Kenneth I.

doi:10.2307/2297553

Cited by 279 publications

(285 citation statements)

References 17 publications

Supporting

Mentioning

274

Contrasting

Unclassified

Order By: Relevance

“…The above formulation is sufficiently general so as to allow dependencies between an individual's past and current labor supply decisions due to habit formation in labor supply behavior (Bover, 1991;Kubin and Prinz, 2002;Woittiez and Kapteyn, 1998), wage based rewards for human capital accumulated via labor market experience (Altug and Miller, 1998;Eckstein and Wolpin, 1989;Imai and Keane, 2004;Wolpin, 1992) and job search costs (Heckman and MaCurdy, 1980;Hyslop, 1999). Habit formation gives rise to non-separabilities in the utility function, while accumulation of human capital and job search costs imply non-separabilities in the budget constraint.…”

Section: A Dynamic Multi-state Labor Supply Modelmentioning

confidence: 99%

“…The results of this analysis are therefore informative about the relative long-run effectiveness of labor market policies facilitating full-time and part-time employment. This analysis would not be possible using a binary model of labor market participation, such as the reduced form approach of Heckman (1981a) or the structural approach proposed by Eckstein and Wolpin (1989).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Modeling Employment Dynamics With State Dependence and Unobserved Heterogeneity

Prowse

2012

Journal of Business & Economic Statistics

View full text Add to dashboard Cite

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. The results reveal significant autocorrelation in unobservables, and significant variation in the effects of children and education on labor supply preferences. Moreover, omission of random coeffcients or autocorrelation can bias significantly estimates of policy effects. On average, policies temporarily incentivizing part-time and full-time employment are equally effective tools for reducing non-employment. However, non-employment among women with young children is more responsive to policies encouraging part-time rather than full-time work.JEL Classification: C15, C25, J6, J22

show abstract

Section: A Dynamic Multi-state Labor Supply Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Modeling Employment Dynamics With State Dependence and Unobserved Heterogeneity

Prowse

2012

Journal of Business & Economic Statistics

View full text Add to dashboard Cite

show abstract

“…Our emphasis on the timing of fertility is shared with Caucutt, Guner, and Knowles (2002), who use an integrated model of the marriage market, female labor supply, and fertility to explain patterns of fertility timing in the United States. Life-cycle models of fertility and female labor-force participation have also been developed and estimated in the labor literature (see for example Moffit 1984 andEckstein andWolpin 1989). One feature that is important both in this literature and our theory is the endogenous accumulation of work experience.…”

Section: Related Literaturementioning

confidence: 99%

The Baby Boom and World War II: A Macroeconomic Analysis

Doepke¹,

Hazan

Maoz

2015

Review of Economic Studies

View full text Add to dashboard Cite

We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor-force participation decisions. We use the model to assess the long-term implications of a one-time demand shock for female labor, such as the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent increase in female labor supply due to the accumulation of work experience. In contrast, younger women who turn adult after the war face increased labor-market competition, which impels them to exit the labor market and start having children earlier. In our calibrated model, this general-equilibrium effect generates a substantial baby boom followed by a baby bust, as well as patterns for agespecific labor-force participation and fertility rates that are consistent with U.S data.

show abstract

“…Moreover, experience depreciates, at an annual rate s . Thus, the profile of wages with respect to experience is concave for continuously employed women, with diminishing increments as experience increases (as in Eckstein and Wolpin, 1989). We also allow for the possibility that skills depreciate when women are working part-time, reflecting the possibly lower learning content of part-time jobs.…”

Section: Working Lifementioning

confidence: 99%

Female labour supply, human capital and welfare reform

Dias¹,

Meghir²,

Shaw³

et al. 2013

View full text Add to dashboard Cite

We consider the impact of tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We analyze both the short run incentive e↵ects and the longer run implications of such programs. By allowing for risk aversion and savings, we quantify the insurance value of alternative programs. We find important incentive e↵ects on education choice and labor supply, with single mothers having the most elastic labor supply. Returns to labor market experience are found to be substantial but only for full-time employment, and especially for women with more than basic formal education. For those with lower education the welfare programs are shown to have substantial insurance value. Based on the model, marginal increases to tax credits are preferred to equally costly increases in income support and to tax cuts, except by those in the highest education group. Acknowledgements: Previously circulated as "The long-term e↵ects of in-work benefits in a lifecycle model for policy evaluation". This research has greatly benefited from discussions with

show abstract

Dynamic Labour Force Participation of Married Women and Endogenous Work Experience

Cited by 279 publications

References 17 publications

Modeling Employment Dynamics With State Dependence and Unobserved Heterogeneity

Modeling Employment Dynamics With State Dependence and Unobserved Heterogeneity

The Baby Boom and World War II: A Macroeconomic Analysis

Female labour supply, human capital and welfare reform

Contact Info

Product

Resources

About