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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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Suggested Citation

  • James P. Smith, 1977. "Family Labor Supply over the Life Cycle," NBER Chapters, in: Explorations in Economic Research, Volume 4, number 2, pages 205-276, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:9094
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    References listed on IDEAS

    as
    1. Smith, James P, 1977. "Assets, Savings and Labor Supply," Economic Inquiry, Western Economic Association International, vol. 15(4), pages 551-573, October.
    2. Gilbert Ghez & Gary S. Becker, 1975. "A Theory of the Allocation of Time and Goods Over the Life Cycle," NBER Chapters, in: The Allocation of Time and Goods over the Life Cycle, pages 1-45, National Bureau of Economic Research, Inc.
    3. Gary S. Becker, 1964. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, First Edition," NBER Books, National Bureau of Economic Research, Inc, number beck-5, July.
    4. Gilbert Ghez & Gary S. Becker, 1975. "The Allocation of Time Over the Life Cycle," NBER Chapters, in: The Allocation of Time and Goods over the Life Cycle, pages 83-132, National Bureau of Economic Research, Inc.
    5. Gary S. Becker, 1975. "Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Second Edition," NBER Books, National Bureau of Economic Research, Inc, number beck75-1, July.
    6. James P. Smith, 1975. "On the Labor-Supply Effects of Age-Related Income Maintenance Programs," Journal of Human Resources, University of Wisconsin Press, vol. 10(1), pages 25-43.
    7. Gilbert Ghez & Gary S. Becker, 1975. "The Allocation of Time and Goods over the Life Cycle," NBER Books, National Bureau of Economic Research, Inc, number ghez75-1, July.
    8. Ben-Porath, Yoram, 1973. "Labor-Force Participation Rates and the Supply of Labor," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 697-704, May-June.
    9. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
    10. Gilbert Ghez & Gary S. Becker, 1975. "The Allocation of Goods Over the Life Cycle," NBER Chapters, in: The Allocation of Time and Goods over the Life Cycle, pages 46-82, National Bureau of Economic Research, Inc.
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    Citations

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    as


    Cited by:

    1. Mulligan Casey B, 2001. "Aggregate Implications of Indivisible Labor," The B.E. Journal of Macroeconomics, De Gruyter, vol. 1(1), pages 1-35, April.
    2. Felteau, Claude, 1989. "Commentaire sur le texte de Bernard Fortin," L'Actualité Economique, Société Canadienne de Science Economique, vol. 65(4), pages 508-514, décembre.
    3. Casey B. Mulligan, 1999. "Substitution over Time: Another Look at Life-Cycle Labor Supply," NBER Chapters, in: NBER Macroeconomics Annual 1998, volume 13, pages 75-152, National Bureau of Economic Research, Inc.
    4. 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;National Tax Journal, vol. 48(3), pages 429-446, September.
    5. 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.
    6. R. Jason Faberman, 2010. "Revisiting the role of home production in life-cycle labor supply," Working Papers 10-3, Federal Reserve Bank of Philadelphia.
    7. 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.
    8. C. Russell Hill & Frank P. Stafford, 1977. "Family Background and Lifetime Earnings," NBER Chapters, in: The Distribution of Economic Well-Being, pages 511-556, National Bureau of Economic Research, Inc.
    9. repec:eee:labchp:v:1:y:1986:i:c:p:3-102 is not listed on IDEAS
    10. James P. Smith & Michael P. Ward, 2004. "The Acceleration in Women's Wages," Labor and Demography 0403024, University Library of Munich, Germany.
    11. Casey B. Mulligan, 1998. "Pecuniary Incentives to Work in the United States during World War II," Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 1033-1077, October.
    12. repec:eee:labchp:v:1:y:1986:i:c:p:103-204 is not listed on IDEAS
    13. 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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