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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 1-72 National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:9094
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    References listed on IDEAS

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    1. 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.
    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. 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, pages 352-352.
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    Citations

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    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. repec:eee:labchp:v:1:y:1986:i:c:p:3-102 is not listed on IDEAS
    3. James P. Smith & Michael P. Ward, 2004. "The Acceleration in Women's Wages," Labor and Demography 0403024, EconWPA.
    4. 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.
    5. 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.
    6. Casey B. Mulligan, 1999. "Substition 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.
    7. repec:eee:labchp:v:1:y:1986:i:c:p:103-204 is not listed on IDEAS
    8. 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 429-446, September.
    9. 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.
    10. 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.
    11. 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.
    12. 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.

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