Grandparenting and Labor Supply
We then consider a model that extends Cardia and Ng (2006) analysis of grandparenting and rationalizes this evidence with standard preferences and working-age grandparents. The key idea is that individuals value a particular good, "time spent with family children". This good can be "produced" when young but is unavailable when old, unless one becomes a grandparent. In a statndard model hours would roughly follow wages over the life cycle. We show that what changes over the life cycle is the opportunity to consume young children in one's family. The appearance of grandchildren increases the opportunity cost of market work, thus inducing individuals to work less.
|Date of creation:||2011|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:red:sed011:404. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann)
If references are entirely missing, you can add them using this form.