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The Role of Labor and Marriage Markets, Preference Heterogeneity and the Welfare System in the Life Cycle Decisions of Black, Hispanic and White Women Author info | Abstract | Publisher info | Download info | Related research | Statistics Michael P. Keane () (Department of Economics, Yale University)
Kenneth I. Wolpin () (Department of Economics, University of Pennsylvania)
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Using data from the NLSY79, we structurally estimate a dynamic model of the life cycle decisions of young women. The women make joint and sequential decisions about school attendance, work, marriage, fertility and welfare participation. We use the model to perform a set of counterfactual simulations designed to shed light on three questions: (1) How much of observed minority-majority differences in behavior can be attributed to differences in labor market opportunities, marriage market opportunities, and preference heterogeneity? (2) How does the welfare system interact with these factors to augment those differences? (3) How can new cohorts that grow up under the new welfare system (TANF) be expected to behave compared to older cohorts?
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Paper provided by Penn Institute for Economic Research, Department of Economics, University of Pennsylvania in its series PIER Working Paper Archive with number
06-004.
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Length: 90 pages
Date of creation: 02 Jan 2006Date of revision:
Handle: RePEc:pen:papers:06-004Contact details of provider: Postal: 3718 Locust Walk, Philadelphia, PA 19104 Phone: 215-898-9992 Fax: 215-573-2378 Email: Web page: http://www.econ.upenn.edu/Centers/pier More information through EDIRC
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Keywords: female life cycle behavior labor market opportunities marriage market opportunities public welfare Other versions of this item:
Find related papers by JEL classification: J1 - Labor and Demographic Economics - - Demographic Economics J2 - Labor and Demographic Economics - - Demand and Supply of Labor J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Michael P. Keane & Robert M. Sauer, 2006.
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