Running hard and falling behind: A welfare analysis of two-earner families
AbstractThis paper investigates the commonly asserted proposition that long term economic changes have put the family in a financial bind. Structural parameters of a family utility model are obtained by estimating simultaneous labor supply functions for a two-earner household. We find evidence indicating that the average 1990`s two-earner family would prefer to receive the 1980`s real wage package (were it available) instead of the real wage package it actually faces. The degree to which the 1990`s family is worse off (in terms of the changes in the real wage package) is roughly equivalent to an hour of leisure per week.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 10 (1997)
Issue (Month): 3 ()
Note: Received September 25, 1995 / Accepted February 5, 1997
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Web page: http://link.springer.de/link/service/journals/00148/index.htm
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Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
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- Julie L. Hotchkiss, 2005. "What’s up with the decline in female labor force participation?," Working Paper 2005-18, Federal Reserve Bank of Atlanta.
- Julie L. Hotchkiss & Robert E. Moore, 2007. "Assessing the welfare impact of the 2001 tax reform on dual-earner families," Working Paper 2007-27, Federal Reserve Bank of Atlanta.
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