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The Aggregate Implications of Gender and Marriage

Author

Listed:
  • Mariacristina De Nardi

    (UCL, Federal Reserve Bank of Chicago, CE)

  • Fang Yang

    (Louisiana State University)

  • Margherita Borella

    (Unversity of Torino)

Abstract

Wages, labor market participation, hours worked, and savings differ by gender and marital status. In addition, women and married people make up for a large fraction of the population and of labor market participants, total hours worked, and total earnings. For the most part, macroeconomists have been ignoring women and marriage in setting up structural models and by calibrating them using data on males only. In this paper we ask whether ignoring gender and marriage in both models and data implies that the resulting calibration matches well the key economic aggregates. We find that it does not and we ask whether there are other calibration strategies or relatively simple models of marriage that can improve the fit of the model to aggregate data.

Suggested Citation

  • Mariacristina De Nardi & Fang Yang & Margherita Borella, 2017. "The Aggregate Implications of Gender and Marriage," 2017 Meeting Papers 46, Society for Economic Dynamics.
    • Handle: RePEc:red:sed017:46
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    References listed on IDEAS

    as
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Gender, Marriage, and Life Expectancy
      by Christian Zimmermann in NEP-DGE blog on 2016-11-30 03:33:18

    Citations

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    Cited by:

    1. Manuel Santos Silva & Stephan Klasen, 2021. "Gender inequality as a barrier to economic growth: a review of the theoretical literature," Review of Economics of the Household, Springer, vol. 19(3), pages 581-614, September.
    2. Bairoliya, Neha, 2019. "Pension plan heterogeneity and retirement behavior," European Economic Review, Elsevier, vol. 116(C), pages 28-59.
    3. Kathrin Ellieroth, 2019. "Spousal Insurance, Precautionary Labor Supply, and the Business Cycle - A Quantitative Analysis," 2019 Meeting Papers 1134, Society for Economic Dynamics.
    4. Conesa, Juan Carlos & Costa, Daniela & Kamali, Parisa & Kehoe, Timothy J. & Nygard, Vegard M. & Raveendranathan, Gajendran & Saxena, Akshar, 2018. "Macroeconomic effects of Medicare," The Journal of the Economics of Ageing, Elsevier, vol. 11(C), pages 27-40.
    5. Espinoza, Raphael & Ostry, Jonathan D. & Papageorgiou, Chris, 2019. "The Armistice of the Sexes: Gender Complementarities in the Production Function," CEPR Discussion Papers 13792, C.E.P.R. Discussion Papers.
    6. Titan Alon & Matthias Doepke & Jane Olmstead-Rumsey, 2020. "This Time It’s Different: The Role of Women’s Employment in a Pandemic Recession," Working Papers 2020-057, Human Capital and Economic Opportunity Working Group.
    7. Oliwia Komada & Krzysztof Makarski & Joanna Tyrowicz, 2021. "Progressing towards efficiency: the role for labor tax progression in reforming social security," GRAPE Working Papers 57, GRAPE Group for Research in Applied Economics.
    8. Silver, Michelle Pannor & Dass, Adrian Rohit & Laporte, Audrey, 2020. "The effect of post-retirement employment on health," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    9. Margherita Borella & Mariacristina De Nardi & Fang Yang, 2017. "The Effects of Marriage-Related Taxes and Social Security Benefits," NBER Working Papers 23972, National Bureau of Economic Research, Inc.
    10. Margherita Borella & Mariacristina De Nardi & Fang Yang, 2019. "Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labor Supply?," NBER Working Papers 26097, National Bureau of Economic Research, Inc.
    11. Borella, Margherita & De Nardi, Mariacristina & Yang, Fang, 2017. "Marriage-related policies in an estimated life-cycle model of households' labor supply and savings for two cohorts," CEPR Discussion Papers 12390, C.E.P.R. Discussion Papers.
    12. Lei Fang & Fang Yang, 2021. "Consumption and Hours between the United States and France," FRB Atlanta Working Paper 2021-7, Federal Reserve Bank of Atlanta.

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    More about this item

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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