Attanasio, Orazio; Low, Hamish; Sánchez-Marcos, Virginia - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 755-764
In this paper, we explore the role of female labor supply as an insurance mechanism against idiosyncratic earnings risk within the family. We use a life-cycle model in which a unitary family makes consumption, saving, and labor supply decisions. Additional uncertainty increases female...