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Family Labor Supply Over the Life Cycle

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Author Info

  • James P. Smith

    (The RAND Corporation)

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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File URL: http://128.118.178.162/eps/lab/papers/0403/0403035.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Labor and Demography with number 0403035.

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Length: 48 pages
Date of creation: 19 Mar 2004
Date of revision:
Handle: RePEc:wpa:wuwpla:0403035

Note: Type of Document - pdf; pages: 48
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Web page: http://128.118.178.162

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Cited by:
  1. Casey B. Mulligan, 2001. "Aggregate Implications of Indivisible Labor," The B.E. Journal of Macroeconomics, De Gruyter, vol. 0(1), pages 4.
  2. James P. Smith & Michael P. Ward, 2004. "The Acceleration in Women's Wages," Labor and Demography 0403024, EconWPA.
  3. 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.
  4. 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.
  5. John C. Ham, 1985. "On the Interpretation of Unemployment in Empirical Labour Supply Analysis," Working Papers 575, Princeton University, Department of Economics, Industrial Relations Section..

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