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On the Labor-Supply Effects of Age-Related Income Maintenance Programs

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  • James P. Smith

Abstract

In this paper a model is developed which is designed to capture the channels through which income transfer programs are likely to affect working hours of family members. The model demonstrates that the appropriate framework is neither a pure one-period or life-cycle one, but rather one that contains elements of both models. The final section illustrates a method of estimating the labor-supply reactions to income maintenance programs. The labor-supply effects are functions of the duration of a family's participation and the relevant importance of male market investment.
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Suggested Citation

  • 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.
    • Handle: RePEc:uwp:jhriss:v:10:y:1975:i:1:p:25-43
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    Cited by:

    1. 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.

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