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Family Labor Supply over the Life Cycle

In: Explorations in Economic Research, Volume 4, number 2

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  • James P. Smith

Abstract

A life cycle model is derived to explain the allocation of time of family members over the life cycle. The timing of market participation is shown to depend upon the life cycle wage pattern of men and women, the rate of interest, the rate of time preference, and age-related changes in the productivity of nonmarket uses of time.

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This chapter was published in:

  • Nber, 1977. "Explorations in Economic Research, Volume 4, number 2," NBER Books, National Bureau of Economic Research, Inc, number smit77-1, octubre-d.
    This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 9094.

    Handle: RePEc:nbr:nberch:9094

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    Cited by:
    1. Casey B. Mulligan, 2001. "Aggregate Implications of Indivisible Labor," NBER Working Papers 8159, National Bureau of Economic Research, Inc.
    2. James P. Smith & Michael P. Ward, 2004. "The Acceleration in Women's Wages," Labor and Demography 0403024, EconWPA.
    3. Randolph, William C. & Rogers, Diane Lim, 1995. "The Implications for Tax Policy of Uncertainty About Labor-Supply and Savings Responses," National Tax Journal, National Tax Association, vol. 48(3), pages 429-46, September.
    4. Casey B. Mulligan & Yona Rubinstein, 2004. "Household vs. Personal Accounts of the U.S. Labor Market, 1965-2000," NBER Working Papers 10320, National Bureau of Economic Research, Inc.
    5. Casey B. Mulligan, 1997. "Pecuniary Incentives to Work in the U.S. during World War II," NBER Working Papers 6326, National Bureau of Economic Research, Inc.

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